Jan 28, 2019
Tesco to cut thousands of jobs in corporate overhaul
Tesco plans to slash thousands of jobs as the UK's largest supermarket group embarks on a shake-up to cut costs in the face of intense competition. Tesco said on Monday that about 9,000 positions were at risk as it reviewed in-store fresh food counters and head office staffing levels - but up to half the workers affected were expected to be redeployed to new roles. The measures come four years after Tesco launched a turnround programme under chief executive Dave Lewis. "We will be doing all we can to help colleagues affected by these changes, including offering redeployment opportunities wherever possible," Tesco said. Fresh food counters are also expensive to operate and their pricing structure has to some degree been eroded by the price cuts Tesco has made on its pre-packed ranges in response to competition from discounters, he added.
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