Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Insider UK
Insider UK
Business
Peter A Walker

30 jobs at risk at Scotmid's head office

Cooperative Scotmid has announced that it is consulting on 30 jobs, which are at risk of redundancy at its Edinburgh headquarters.

Chief executive John Brodie said: “We have been reviewing how we operate now and going forward.

“In light of the investment made in technology over the last few years, we are seeking to introduce a more streamlined operating model.

“We regret the impact this will have on colleagues, however we need to continually improve the way we work and this new way of working will help mitigate some of the inflationary cost pressures we, like many other businesses, are facing."

Scotmid has entered a period of consultation. The jobs at risk represent less than 1% of the society's near 4,000 workforce.

The company's most recent interim results showed a £1.1m trading profit for the 26 weeks ended 30 July, £1.9m down on previous posting.

The half-year update also showed turnover down by £4.8m to £204.2m, with the retail group taking steps to minimise the impact of the cost-of-living crisis, after a series of "major challenges" affected trading during the first half of 2022.

This led to several technological and operational changes to support the development of its two businesses. In addition, it made two substantial property investments and has been managing controllable costs.

In total, £15m of capital investments were made to support long-term growth.

Don't miss the latest headlines with our twice-daily newsletter - sign up here for free.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.