Dagenham jobs could be at risk with Morrisons closing stores
- Credit: Archant
Supermarket jobs could be under threat across the borough after one of the country’s biggest chains announced shop closures this morning.
Morrisons, which has a store in Wood Lane, Dagenham, is set to shut 11 supermarkets across the country with the potential loss of 900 jobs.
The announcement came as the Bradford-based group revealed a 47 per cent drop in half-yearly pre-tax profits of £126million.
Yesterday, the supermarket giant agreed to sell off 140 of its M local convenience for about £25million by a team headed up by retail entrepreneur Mike Greene, and funded by Greybull Capital, putting Barking Riverisde’s only stop at risk.
The chain intend to hang on to five of its local stores which are either on forecourts or will be converted to small Morrisons supermarkets.
You may also want to watch:
Those shops changing hands, which could potentially include the Minter Road store, will be re-branded as “my local”, with the 2,300 staff nationwide being kept on, while an extra 200 jobs will be created by reopening 10 shops that are currently shut.
New Morrisons chief executive David Potts, who took up his post in March, said: “The immediate priority is to deliver a better shopping trip to stabilise trading performance.
- 1 Appeal for help to find boy missing from Dagenham
- 2 Barking and Dagenham pubs and bars reopen for outdoor service
- 3 Jailed: ‘Extremely dangerous’ Dagenham man who plotted terrorist attack
- 4 Barking fishmongers shut down by council after Covid-19 safety warning
- 5 Call to change 'cash cow' yellow box junction in Marks Gate
- 6 Jailed: Dagenham man for role in 'brutal' attack on off-duty police officer
- 7 Becontree Estate designed after Spanish Flu 'helped prevent Covid deaths'
- 8 Light festival sees cyclists brighten up Barking and Dagenham streets
- 9 Police officer sacked after 'encouraging friend to lie about collision'
- 10 Views sought on Sebastian Court community space
“Our six strategic priorities will then deliver improvement in the core supermarkets, where we have the greatest opportunity.
“It will be a long journey. We approach the challenge with energy, confidence and many strengths, particularly our strong balance sheet and cash flow, which enables investment in improving the customer shopping trip.”