Summary
Ocado Group plans to cut 1,000 jobs, which is about 5% of its workforce, to reduce costs. Most job losses will occur in the UK, particularly at their main office in Hatfield, Hertfordshire. The company aims to save £150 million through this restructuring.
Key Facts
- Ocado Group will cut 1,000 jobs to save money.
- This reduction is about 5% of its employees worldwide.
- Most job cuts will happen in the UK, especially at its Hatfield headquarters.
- Ocado employs around 20,000 people globally.
- The company provides technology for grocery distribution and partners with Marks & Spencer online.
- Last year, Ocado's share value dropped when its North American partners decided to close some centres.
- The job cuts are expected to save about £150 million.
- Affected positions are mostly in tech and support roles.
