Nisa has confirmed that it is reviewing its entire business, with jobs potentially at risk at the symbol group.
Citing cost pressures, the business is to carry out a review that could lead to redundancies. No details on the timeline for the review or the areas of the business where jobs might be at risk was provided.
A spokesperson for Nisa said: “We are carrying out a review to lower our costs, in order to offer greater support to our partners and their customers during the current cost of living crisis. Unfortunately, the review will include a consultation on potential redundancy for some employees. We recognise this is a difficult time for so many and we are seeking to approach the review accordingly, while recognising the realities of the current economic climate.”
According to a source within Nisa, those affected by the review are learning their fate this week with voluntary redundancy packages being offered to some.
Commenting on the review, Nisa retailer Amrit Pahal told ConvenienceStore.co.uk: “A lot of Nisa retailers are disgruntled right now and feel they’re playing second fiddle to Co-op. A restructure at Nisa is sorely needed although I’m not sure that having fewer people to do the same work is going to help independent retailers.”
Fellow Nisa retailer Kishor Patel put the blame for the cost-saving review on Co-op. ”It’s a shame how Co-op has screwed up an amazing independent business supply chain model purely for their own greed.”
Nisa has seen two major departures since the start of the year. In January, then-CEO Ken Towle stepped down to be replaced by Michael Fletcher. Towle moved over to Asda’s executive team. In May, sales director Steve Leach departed to “explore new opportunities”.