Di, Mai 21st 2024
Migros Supermarkt AG informs employees of 150 job cuts as part of a major reorganization aimed at streamlining operations.
Migros Supermarkt AG has announced the first wave of job cuts as part of a major restructuring effort. On Tuesday, management informed employees via a livestream about the reduction of 150 full-time positions, leading to redundancies.
The company had confirmed the impending job cuts at Supermarkt AG last Friday. According to a press release, the affected positions are primarily located at Migros headquarters on Limmatplatz in Zurich, which houses administrative offices, including marketing and purchasing departments.
Those affected by the redundancies will receive support for their professional reorientation. Migros introduced a new social plan effective from May 1 to aid employees during this transition. Overall, the reorganization will result in approximately 1500 job cuts across the company.
The management of Supermarkt AG, in collaboration with a project team from all directorates and external consultants from McKinsey, has redesigned the organizational structure. This new structure has been approved by the Board of Directors and will be implemented starting July 1, 2024.
The realignment aims for simplified processes, lean structures, and clear roles. This move aligns with the strategic goals of Migros’ new leadership, Mario Irminger (head of the Federation of Migros Cooperatives) and Peter Diethelm (head of Migros Supermarkt AG), to achieve significant cost savings.
Additionally, Migros plans to sell several specialist stores, including Melectronics. The sale will impact around 50 larger Migros supermarket branches, where Melectronics will only offer a basic range of electronics products moving forward.
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