Southern Co-op has announced that it is undertaking a review of its Head Office in Portsmouth. The review responds to the impact of changing market conditions and shifts in how consumers are shopping.
It will also reflect the successful completion of a multi-year programme of investment in major IT systems. The organisational changes will ensure that central operations continue to support evolving business needs in serving members and other customers.
There will be some newly created roles, and others will be expanded, bringing opportunities for some colleagues. However, indications are that the review will lead to some unavoidable redundancies.
Southern Co-op aims to keep job losses to a minimum, and anticipates that when the process is finished, out of a total of 240 central roles, actual job losses will be around 30.
Roles in Southern Co-op’s 330 directly managed food, funeral and coffee branches are not impacted. There are also no changes to the future growth plans for these business areas.
Mark Smith, chief executive, said: “Sadly, a number of colleagues in our Head Office will leave the business following the review, and we will be working closely with them to guide them through the change.
“Like other retailers, we must align our resources with the economic conditions and market changes we are seeing. By acting now, we can continue to place Southern Co-op as the option of choice for customers in our key markets.
“Making these changes and our continued investment in our trading businesses will position us for long term success as we support business growth and greater efficiencies.”
Southern Co-op anticipates the review will be completed by the end of November 2023.
