Tesco set to slash workforce by 10,000
The UK's largest supermarket chain, Tesco Plc is set to lay off some 10,000 workers as part of a major shake-up at the troubled retailer.
The supermarket giant plans to cut 6,000 employees of its head offices and stores in a bid to revive the group's fortunes after a disastrous 2014
The move follows two consecutive years of falling profits.
Tesco announced last month that it would be closing 43 stores across Britain.
This is part of a 250-million-pound cost-cutting drive, planned to mend Tesco's finances. Britain's Big Four supermarkets have scrapped expansion plans, with some even closing stores amid concerns over falling sales.
The measure will also see the closure of the chain's corporate headquarters in Cheshunt, Hertfordshire, Daily Mail reported.
The final number of job losses will depend on the number of staff who opt for redundancy and how many chose to continue with the company in a different role.
Tesco refused to comment on the job losses.
HRK/GHN
Over half of Britons say Israel committing war crimes in Gaza: Poll
British NHS privatized, sold to Israel
Genocidal Jewish chaplains at UK universities
VIDEO | 70 Palestinians killed in Israeli strikes across Gaza Strip
US Election Day: First votes cast in New Hampshire
Nov. 4: ‘Axis of Resistance’ operations against Israeli occupation
Britons demand release of pro-Palestine activists
VIDEO | Israel's unwinnable war in Lebanon
Non-aligned nations condemn Israeli violation of Iran's sovereignty
IRGC: 10 foreign-backed terrorists killed, arrested in Sistan and Baluchestan
Iran calls on EU to end targeting ordinary Iranians after missile transfer claims refuted
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
