Sobeys lay­offs

Truro Daily News - - COLCHESTER COUNTY - BY JAMES RISDON SALTWIRE NETWROK

Na­tional gro­cer cut­ting ex­ec­u­tive po­si­tions across the coun­try

Sobeys is giv­ing the axe to dozens of its ex­ecs across the coun­try in a much-an­tic­i­pated move by the Nova Sco­tia-based na­tional gro­cer to slash its costs and beef up the bot­tom line.

Four­teen of those jobs are be­ing lost in Pic­tou County, another three in Dart­mouth.

“I’m sad­dened by the news,” said Stellarton Mayor Danny MacGil­livray in an in­ter­view Tues­day. “It’s a con­cern for sure. I just hope there won’t be any more im­pact lo­cally.”

Although Sobeys of­fi­cials would not di­vulge the salary range of the po­si­tions be­ing cut, these were good-pay­ing jobs just be­low that of the com­pany’s vi­cepres­i­dents. And it’s clear more cuts are coming.

“We do ex­pect to see ad­di­tional col­leagues leav­ing the or­ga­ni­za­tion through the nal stages of the re­struc­tur­ing process in all of our ma­jor cor­pora-te of­fices across the coun­try,” said Jac­quelin Cor­rado, Sobeys di­rec­tor of ex­ter­nal com­mu­ni­ca­tions, Tues­day.

Most of those other layo s are ex­pected to come be­fore the end of this year, she said.

The job losses are part of a re­struc­tur­ing at Sobeys that is be­ing dubbed Project Sun­rise.

It was an­nounced in early May and in­cludes a tar­get of

shav­ing $500 million in an­nual costs from the com­pany’s books by 2020.

“e gro­cery busi­ness is highly com­pet­i­tive and our re­gion­ally-based struc­ture slowed us down.

As we move to a na­tional, func­tion­ally-led

com­pany, we have an ag­gres­sive goal to trans­form our or­ga­ni­za­tion and lever­age our size and scale,” said Michael Med­line, Sobeys pres­i­dent and chief ex­ec­u­tive o cer, in a state­ment Tues­day.

“Change of this mag­ni­tude is not easy on our em­ploy­ees, but we re­main com­mit­ted to mak­ing tough de­ci­sions, and ex­e­cut­ing the nec­es­sary changes, to en­sure our fu­ture suc­cess,” he said.

Ac­cord­ing to Med­line, the fu­ture Sobeys will have a sim­pler, leaner struc­ture, be more e cient and bet­ter lever­age its $24-bil­lion na­tional scale.

“is will free us up to be ex­tremely nim­ble, grow mar­ket share and thrill our cus­tomers in the more than 1,500 com­mu­ni­ties that we will con­tinue to op­er­ate in,” he said.

Tues­day, Mayor MacGil­livray was try­ing to take some com­fort in Sobeys’ prom­ise that it will con­tinue to op­er­ate in Stellarton.

“Sobeys is a huge deal for Stellarton,” said the mayor. “eir head o ce is in our town and they pro­vide hun­dreds of jobs and this is a com­mu­nity of just over 4,000 peo­ple. …It looks like they’re com­mit­ted to stay­ing in Stellarton.”

Sobeys is a huge deal for Stellarton … Their head o ce is in our town and they pro­vide hun­dreds of jobs and this is a com­mu­nity of just over 4,000 peo­ple. …It looks like they’re com­mit­ted to stay­ing in Stellarton.” Danny MacGil­livray, mayor of Stellarton

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.