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Evening Standard
Evening Standard
Business
Holly Williams

Co-operative reveals jobs being cut under turnaround as losses widen

The Co-op has confirmed job cuts as part amid a plan to save £200 million as it revealed widened losses following a tumultuous start to the year. - (PA Media)

The Co-op has confirmed job cuts as part amid a plan to save £200 million as it revealed widened losses following a tumultuous start to the year.

The mutual reported underlying pre-tax losses of £92 million for the six months to July 4 against losses of £75 million a year ago, when it was hit by a damaging cyber attack that sent it plunging into the red.

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