Sobey’s is cutting 20 per cent of its office staff – more than 800 people – in its plan to cut costs by $500 million a year within two years.
The layoffs have already begun, reports the Globe and Mail.
Sobey’s is also planning to push on-line shopping by offering free delivery.
Sobey’s is Canada’s second-largest supermarket chain, but has been losing money since it bought Canada Safeway to increase its business in Western Canada.
Loblaws, which is number one, bought Shopper’s Drug Mart and Metro, which is third, this month bought the Jean Cloutu pharmacy chain.
