Monday, August 5, 2019

UK biggest retailer Tesco axes 4,500 supermarket jobs

Around 4,500 Tesco staff are set to lose their jobs thanks to changes in the way it runs its Metro and Express stores, the company has announced.

Some 153 Metro stores and 134 Express stores are being targeted, but big shops don't escape entirely, with "localised" changes in the larger branches too.

Tesco UK chief executive Jason Tarry said: “In a challenging, evolving retail environment, with increasing cost pressures, we have to continue to review the way we run our stores to ensure we reflect the way our customers are shopping and do so in the most efficient way.

"We do not take any decision which impacts colleagues lightly, but have to make sure we remain relevant for customers and operate a sustainable business now and in the future.”

Tesco said the move was part of "operational changes to the way we run our Metro stores in the UK".

The supermarket added that the new format would help serve shoppers better as well as running the business in a more sustainable way.