Sainsbury Lloyds Pharmacy Closure -There is a possibility that 2,000 people will lose their jobs as a result of the recent announcement made by Lloyds Pharmacy that it will be closing all of its pharmacies that are housed within Sainsbury’s stores. It has come to the conclusion that the “changing market conditions” warrant the closure of all 237 of its locations over the course of the course of the year.
The company made a public statement stating that it was “working with colleagues who may be affected by the changes and has reiterated its commitment to help them throughout the process. “The corporation is “actively researching solutions for each individual location” as part of its efforts to get rid of its pharmacies as part of its overall business strategy.
In 2015, the parent company of Lloyds Pharmacy acquired Sainsbury’s 280-store pharmacy network for the price of £125 million. At the same time, it brought approximately 2,500 staff under its payroll and incorporated them into its operations. In the preceding calendar year, the private equity group Aurelius completed its purchase of Lloyds Pharmacy.
Kevin Birch, the chief executive officer of Lloyds Pharmacy, stated that “this decision has not been an easy one,” and that the company is aware that its patients and customers may have concerns regarding the impact that the change will have on them. He also stated that the company is aware of the fact that “this decision has not been an easy one.”
We would like to take this opportunity to both thank them for their unwavering support and reassure them that we will do everything in our power to guarantee a smooth transition over the following few months. Thank you for your time and consideration.