AROUND 20 bosses at supermarket chain Morrisons are being axed by new chief executive David Potts, as he creates a leaner business that is in better shape to fight its discount rivals.
It is the second time in a week that Mr Potts has wielded the axe at the struggling grocer, in what has been described as “a bloodbath in Bradford”.
Last night, City analyst Clive Black of Shore Capital said that the quick pace of change would be welcomed if it secures Morrisons’ future.
Mr Black told the Yorkshire Evening Post: “Morrisons has been under-performing for some time. The culture that emerged reflected poorly on the leadership, and the lieutenants in tow.”
Barely a week after joining the business, Mr Potts announced that he was disposing of the services of five directors on the 11-strong management team. Yesterday, it was confirmed that he is also culling the next tier of management.
A Morrisons spokesman said: ”Following last week’s announcement of a reshaped management board, we have also had a number of redundancy conversations with senior managers at the next level in our organisation. These steps are aimed at creating a simpler, leaner Morrisons.”
The Yorkshire Evening Post understands that around 20 senior jobs are going as part of the latest cull.