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Jobs are lost – but Morrisons turns a profit
The Journal
|August 05, 2025
MORRISONS has returned to profitability for the first time since its private equity-backed takeover in 2021, despite shedding over 3,600 jobs.
The Bradford-based supermarket giant reported a pretax profit of £2.1bn for the year ending October 27, 2024, according to newly-filed accounts at Companies House.
This is a significant turnaround from the pretax loss of £919m recorded in the previous 12 months and £1.3bn the year before that.
However, the company’s workforce was reduced from 104,819 to 101,144 during the last financial year.
This story is from the August 05, 2025 edition of The Journal.
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