Almost 5,000 jobs cut at Morrisons amid turnaround efforts

Morrisons cut almost 5,000 jobs over the past year, according to company accounts (Ian West/PA) - (PA Archive)

Morrisons shed almost 5,000 jobs last year as part of efforts by the private equity-backed grocer to shore up its finances.

The Bradford-based retailer also revealed that its total debt levels rose further despite cost-cutting across the business.