Morrisons Cuts 5K Jobs Amid Debt Rise | Business and Finance News

Morrisons slashed nearly 5,000 jobs last year as it battles fierce competition from Aldi and Lidl while pushing a major turnaround under CEO Rami Baitieh—despite a 2.8% revenue bump to over £15 billion, the grocer still posted a £629 million loss and rising debt, signaling a tough road ahead for the private equity-backed retailer. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8211f1c70c392b01