tesco restructures management leading to job cuts
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Tesco restructures management, leading to job cuts

Arab Today, arab today

Arab Today, arab today Tesco restructures management, leading to job cuts

Supermarket group Tesco, Britain's largest retailer, announced Monday restructuring to its line-management,
London - Arab Today

Supermarket group Tesco, Britain's largest retailer, announced Monday restructuring to its line-management, leading to job cuts and the creation of new roles.

The changes that will see 1,700 roles removed and 900 others created are a continuation of a restructuring programme initiated by chief executive Dave Lewis that has led to thousands of job cuts.

The latest shake-ups "remove complexity and will deliver a simpler, more helpful experience for colleagues and customers", said Matt Davies, chief executive of Tesco UK and Ireland.

"We recognise these are difficult changes to make but they are necessary to ensure our business remains competitive and set up for the future," he added in a statement.

Davies said Tesco hoped "to retain as many colleagues as possible in the new roles" and other current vacancies within the group.

Tesco has been troubled in recent years by an accounting scandal and fierce domestic competition from German discount chains Aldi and Lidl.

In a sign of its turnaround however, Tesco earlier this month announced a rise in sales over the key Christmas trading period, despite high UK inflation weighing on consumer incomes.

Tesco, which is the world's third-biggest supermarket chain after France's Carrefour and global leader Wal-Mart of the United States, is meanwhile close to completing a takeover of British wholesaler Booker, in a deal worth £3.7 billion ($5.2 billion, 4.2 billion euros).

Source: AFP

GMT 05:03 2017 Thursday ,16 November

UK jobless rate stays at 42-year low: official data

GMT 11:31 2017 Wednesday ,15 March

British unemployment hits 41-year low

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tesco restructures management leading to job cuts tesco restructures management leading to job cuts

 



GMT 11:58 2016 Sunday ,20 November

SCC concludes successful participation

GMT 17:22 2017 Thursday ,09 November

Mortagi: They give priority to stadium

GMT 10:21 2017 Wednesday ,22 November

Chinese human rights lawyers jailed for two years

GMT 09:49 2017 Saturday ,04 March

In Belfast, street art battles community rifts

GMT 07:29 2017 Wednesday ,03 May

Powerful blast targets NATO convoy in Kabul

GMT 18:55 2017 Thursday ,16 February

Tourism up 48% due to successful promotion policies

GMT 04:45 2018 Friday ,19 January

Microwave ovens are cooking the environment: study

GMT 20:27 2011 Saturday ,16 April

Pistachios are good fat say study

GMT 17:34 2011 Wednesday ,13 April

Minerals and vitamins for bone growth

GMT 09:37 2017 Friday ,29 December

President departs for Turkey to attend OIC Summit

GMT 05:38 2017 Sunday ,24 December

Russia warns US decision to arm Ukraine encourages

GMT 16:19 2017 Tuesday ,14 March

Prime Minister Opens Education Conference 2017
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday