Morrisons sheds more than 8,800 jobs during another year of £1bn-plus losses

Morrisons sold 337 petrol forecourts in January as it sought ways to reduce its debts. Photograph: Ian Hinchliffe/PA

Morrisons has revealed it cut more than 8,800 jobs last year – almost 8% of its total workforce – while making a loss of more than £1bn after a debt-fuelled private equity takeover in 2021.

The UK’s fifth largest supermarket chain reported total finance costs of £735m, up from £590m the year before, according to its latest annual accounts for the year to 29 October.