Kroger has recorded a 10.6 per cent rise in its jobless rate over the past three months, a survey showed on Wednesday.
Key points:Kroger said its job loss rate has increased since the start of the yearKrogers jobless growth fell to 5.5 per cent last year, but this year it’s risen to 7.9 per centThis means its job losses are now nearly twice as high as the national averageKrogers jobless number rose to 5,634, a sharp increase of nearly 5,000, over the last three monthsThe retailer said its loss rate is on the increase since the beginning of the month, as it has recorded more job losses than it has gained since December.
The supermarket chain said it is experiencing an “unprecedented level of job losses”, which is the largest in the company’s history.
The company said the number of people it is currently seeking for employment has risen by 973 since last March, with a net gain of 8,715 people.
This is the second consecutive year the company has seen a rise in job losses, with the number it has sought for employment rose by 1,853 over the same period.
It said the rise in net job losses has been partly offset by an increase in employment growth, but it is still expected to remain high for the foreseeable future.
Krogemas head of human resources Mark Reeder said the job losses had forced the company to “take additional action to reduce unemployment”.
“We continue to work hard to ensure Kroger is an attractive employer, as the business has been doing better in recent months,” he said.
“We have increased hiring to help fill gaps and have continued to invest in our workforce, and we have also created more than a million new jobs since our last update.”
However, it is a matter of ensuring Kroger remains competitive and remains a high-quality employer.
“The increase in job openings is “consistent with the strong performance Kroger delivered during the first half of the financial year, and is consistent with Kroger continuing to see its job-based business grow”, Reeder added.
Kris Stokes, Kroger SA’s head of global workforce, said the supermarket chain was continuing to improve its recruitment and retention processes.”
We are also working to improve the quality of our workforce to ensure our employees are the right people for our stores.””
We are continuing to do everything we can to reduce the number and size of people we need in order to retain our employees.”
“We are also working to improve the quality of our workforce to ensure our employees are the right people for our stores.”