CORRECTED-UK's Sainsbury to cut 3,000 jobs - The Times

(Corrects paragraph 1 to say “first-half results”, not “first-quarter results”)

Nov 4 (Reuters) - British supermarket group Sainsbury will announce plans to cut 3,000 jobs, alongside its first-half results on Thursday, The Times reported.

A large number of the jobs will go from the group's Argos business and there will be layoffs in Sainsbury's stores with the closure of delicatessens and fresh fish and meat counters, the newspaper reported on Wednesday. (Reporting by Rebekah Mathew in Bengaluru; Editing by Maju Samuel)


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.