Morrisons to slash 2,600 jobs

U.K. grocer Morrisons will eliminate roughly 2,600 store management positions as part of a restructuring that could affect 15,000 employees.

Morrisons has been testing a new operational structure in order to cut costs. These tests have led the retailer to eliminate two tiers of management at the store level. The new structure will merge the responsibilities of different department managers. Story