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Gloucestershire Business News

Jobs at risk at frozen food chain

Iceland has launched a review of its management structure, which could put hundreds of jobs at risk.

The management review has already started, with a formal consultation process expected to start in the next weeks, as reported by Retail Gazette.

The frozen food retailer, which has stores in Cheltenham, Gloucester and Stroud, said it has no plans for major reductions to its 25,000-strong UK workforce. It also said that shop floor staff will be unaffected by the review.

Iceland is the latest supermarket to announce restructuring plans this year, as a result of increased rents, an increase in online shopping and pressure from discounters Aldi and Lidl.

The retailer is also dealing with debts of £736 million, after injecting cash into its The Food Warehouse brand, which has stores in Gloucester and Cheltenham.

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