Metro will cut 280 jobs in five years as part of plan to 'modernize'

Oct 12 2017, 11:37 pm

Grocer Metro Inc. plans to cut 280 jobs beginning in 2021 as part of its plans to modernize.

In a statement, the company said that it is making a $400 million investment into its Ontario distribution network.

“The company will modernize its operations in Toronto between 2018 and 2023 by building a new fresh distribution facility and a new frozen distribution facility—both of which will leverage technological improvements like automation,” the company said in a release.

As a result, the company will also be cutting jobs due modernization and automation of the new distribution network.

“Metro’s decision to modernize and automate a part of its distribution network will result in an anticipated loss of approximately 180 full-time and 100 part-time positions starting in 2021. Metro acknowledges the impact its decision will have on these employees and their families.”

Earlier this month, Metro announced it will buy pharmacy chain Jean Coutu Group for $4.5 billion.

Metro will pay $24.50 per share in cash and stock for Jean Coutu. The combined business will have an overall network of more than 1,300 stores in Canada and is expected to generate approximately $16 billion in revenue. 

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