Shofersl in trouble? Dozens of branches will be closed and employees will be fired

The cut plan, according to the publication, which is being carried out with the help of the accounting firm “Ernst & Young”, will be presented to the capital market after the holidays and the goal of the chairman Itzik Abarkhan and the CEO Uri Waterman is to increase the operating profit that has been eroded.

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At the same time, during the coming year Shufersal will start operating the logistic-robotic warehouse in Modi’in, which will allow it to save on manual picking and reduce online sales costs. Shufersal’s shareholders expect that the efficiency plan will increase the share price, but there will also be good news for consumers.