Are Morrisons in trouble?

Morrisons is facing significant financial pressure, reporting a £381 million pre-tax loss for the year to October 2024, partly due to heavy debt servicing (£3.1 billion) following its 2021 private equity takeover. Despite a "resurgent" Christmas sales performance, the company is undergoing a major restructuring, including closing over 100 sites and cutting costs to manage debt.

Are Morrisons closing down in the UK?

UK supermarket chain Morrisons has confirmed it will close 145 locations across its network, including 17 convenience stores and 52 cafés, as it pushes ahead with a plan to rein in costs and improve productivity.

Is Morrisons in trouble in 2025?

Morrisons is set to close 103 of its stores, cafes, florists and pharmacies in 2025, the supermarket giant has confirmed.

Is Morrisons being sold off?

In July 2021 a bid to take over Morrisons, led by US private equity firm, Fortress Investment Group and backed by the Canada Pension Plan and Koch Industries, valuing the company at £6.3 billion ($8.7 billion), was made. This bid was provisionally accepted by the board, subject to shareholder approval, on 3 July 2021.

Is Morrisons being taken over by Tesco?

No, Tesco is not buying Morrisons; Morrisons was acquired by the US private equity firm Clayton, Dubilier & Rice (CD&R) in a £7 billion deal completed in late 2021, though there's a link due to former Tesco boss Sir Terry Leahy leading the CD&R bid, notes The Times and The Guardian. There was speculation about a potential Tesco takeover years prior, but the actual buyer was CD&R, which took Morrisons private, reports BBC and The Grocer. 

Why Morrisons Is FALLING APART!

Are Morrisons laying off staff?

Yes, Morrisons has been laying off staff, with significant job cuts totaling over 3,600 in 2025 as part of operational restructuring, including closing 17 convenience stores and over 50 in-store cafes, alongside more recent redundancies in head office and "People" management roles to streamline operations and refocus investment, following a return to profit after its 2021 private equity takeover. 

What is the 10 pound rule at Morrisons?

The Morrisons "£10 rule" is a loyalty perk for More Card members: spend £10 or more in a single in-store shop, scan your card, and you receive a voucher for a free refillable hot drink (like coffee, tea, or hot chocolate) at a Morrisons Café, redeemable within seven days, excluding takeaway or Morrisons Daily locations. This promotion offers a nice bonus for regular shoppers, though it's important to note restrictions like the single-use voucher, the 7-day limit, and exclusions for certain store types or online purchases.

Which shops are closing in 2025?

Full List Of UK High Street Closures Confirmed For 2025 – M&S, Poundland, WH Smith And More Say Farewell. According to a warning from the British Retail Consortium (BRC), as many as 400 of Britain's largest shops including supermarkets and department stores with a rateable value over £500,000.

Are Morrisons having problems?

There are currently no issues.

What does the CEO of Morrisons get paid?

Pay 2021/22: £1.7m. New Morrisons CEO Rami Baitieh is yet to complete a year in the post, so his salary hasn't been disclosed in accounts. However, his predecessor David Potts took home £2.8m in his final full year at the helm, according to the retailer's most recent annual report.

Who now owns Morrisons?

Morrisons is owned by the U.S. private equity firm Clayton, Dubilier & Rice (CD&R), which acquired the supermarket chain in a £7 billion takeover deal that took the company private in late 2021. CD&R continues to own Morrisons, though it has since sold off some assets like petrol forecourts to other entities also linked to private equity, with Morrisons retaining a minority stake in those ventures. 

Has Morrisons gone downhill?

this year, Morrisons was ranked as the joint worst supermarket by shoppers, with people complaining that the grocer had “gone downhill” and describing its shops as cramped.

What is the highest paid supermarket in the UK?

Major supermarket announces 'bigger than expected' pay rise for thousands of staff to remain UK's 'highest-paying' Aldi today announced a 'bigger than expected' pay rise for supermarket staff from next week to ensure it remains the best-paying chain ahead of discount rival Lidl.

Does Morrisons have SIck pay?

Salary & Compensation

No sick pay for the first 3 days. So it's a loss of income if you only need 1 or 2 days off. SIck pay is pretty standard.

How much does a manager at Morrisons earn?

The estimated average salary for a Store Manager at Morrisons is £32,432 per year or £16 per hour, but some professionals have reported earning up to roughly £57,214 per year (90th percentile). The typical pay range is between £25,369 (25th percentile) and £42,777 (75th percentile) annually.

Do Morrisons do discounts for over 60s?

Yes, Morrisons offers specific deals for customers over 60 through its "Club 60" program, including a £6 small breakfast with a refillable hot drink and a £10 afternoon meal deal (fish & chips, cake, hot drink) available daily from midday, designed to help with the cost of living. You just need to mention you're over 60 when ordering in their cafes to redeem these offers, notes EuropaWire.

Why do Morrisons take 100 for fuel?

Under new rules, implemented by Mastercard and Visa, we must now request authorisation from your card issuer for up to £100. Don't worry - once you've finished filling up, the final transaction amount is sent to your card issuer.

How do Morrisons treat their employees?

So, everyone here is valued, trusted, treated with respect and enjoys great perks and a fair day's pay for a fair day's work. We care about our colleagues' wellbeing, and we work with a number of organisations to provide information, advice and support to colleagues and their families.

Which company has the most layoffs?

Companies with the biggest workforce reductions in 2025

• Intel [27,159 roles]
• Microsoft [15,387 roles]
• Verizon [15,000]
• Amazon [14,709 roles]