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    Morrisons cuts almost 5,000 jobs in turnaround

    4 hours ago

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    Morrisons has cut nearly 5,000 jobs as part of a financial turnaround strategy, with over 4,200 positions lost in stores and additional roles in food manufacturing and distribution affected. Despite a 2.8% revenue increase to £15.7 billion, the retailer reported a £629 million pre-tax loss and rising debt levels, as it faces stiff competition from Aldi and Lidl.
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