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UK supermarket giant Tesco says 9,000 jobs will be axed in $1.9B restructure

by

LONDON Jan 28, 2019 - 7:06 pm GMT+3
This file photo taken on April 13, 2016 shows the signage on a branch of a Tesco in Brixton, south London, on April 13, 2016. (AFP Photo)
This file photo taken on April 13, 2016 shows the signage on a branch of a Tesco in Brixton, south London, on April 13, 2016. (AFP Photo)
by Jan 28, 2019 7:06 pm

Tesco, Britain's biggest retailer, said on Monday it was making changes to its UK business that could impact up to 9,000 jobs.

It estimated that half of that number could be re-deployed across the business.

Tesco, Britain's biggest private sector employer with a staff of over 300,000, said the main change in its stores would be to its fresh meat, fish and delicatessen counters.

It expects to close counters in about 90 stores, with the remaining 700 trading with either "a full or flexible counter."

Tesco said it also needed less staff for stock control, merchandising and at its head office.

About the author
Research Associate at Center for Islam and Global Affairs (CIGA) at Istanbul Sabahattin Zaim University
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