Aldi is consulting on hundreds of UK head office job cuts as it restructures parts of the business to operate more efficiently amid rising costs.

The retailer is consulting with its technology team on the loss of up to 150 roles after 103 redundancies in its finance and administration team earlier this year and almost 20 more redundancies among buying directors, according to reporting in the Guardian.

The Guardian also reports that the German discount retailer is also moving some finance, procurement and administration functions to shared service centres in countries including India. Consultation on redundancies in payroll are expected in the coming months. In-store roles are not expected to be affected.

An Aldi spokesperson said: “At Aldi, our promise to customers is that we will always offer great quality products at unbeatable prices. Across our international business, we continuously review all aspects of our operations to ensure we operate simply, efficiently and use our global scale to deliver on that promise.

“We are therefore making some adjustments to the way parts of our UK business are structured. Any changes are being introduced gradually and following a consultation period. We recognise that this is difficult for those involved, so we are giving colleagues as much notice as possible, with full support available to everyone affected.”

, founder of licensed insolvency practioners and company liquidation specialists Parker Walsh , says Aldi’s situation highlights the difficult juggling act facing retailers trying to maintain low prices while protecting their margins. Aldi has been named Which?

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