Supermarket group Sainsbury’s is to create 3,000 in-store jobs in a bid to get more stock on the shelves.
The plan is a key part of a new strategy by chief executive Justin King to halt the group’s decline. The plan is also expected to result in the loss of 700 head office jobs.
Sainsbury’s has product availability problems despite a £3bn overhaul of the company’s distribution and IT system introduced by its previous boss Peter Davis.
One Sainsbury’s executive has been quoted as saying that stock arrived in stores but then often failed to reach the shelves.
Some analysts expect Sainsbury’s to make pre-tax profits of about £200m this year – a tenth of the £2bn forecast for rival Tesco.