Tesco is to cut about 400 jobs across its stores and head office, the supermarket chain has said.
The supermarket announced the move as part of plans to “simplify” the business amid a market which it said is “more competitive than ever”.
Managers at the company’s head office and Tesco Mobile phone shops as well as staff at its in-store bakeries will be affected.
Matthew Barnes, Tesco’s UK boss, said: “These are difficult decisions affecting our colleagues, but we believe they are necessary to enable us to invest in what matters most to our customers.
“Our priority is to support impacted colleagues and we will do everything we can to help them find alternative roles within our business. Today, we have almost 1,000 vacancies available.”
Tesco’s move comes after Sainsbury’s announced last week that it will axe more than 3,000 jobs and plans to shut its remaining in-store cafes as part of a major overhaul.
The headcount reduction represents about 2% of the company’s current 148,000-strong workforce and will see about 20% of senior management roles cut at the supermarket giant.
We’ll be bringing you the very latest updates, pictures and video on this breaking news story.
For the latest news and breaking news visit: /news
Stay up to date with all the big headlines, pictures, analysis, opinion and video on the stories that matter to you.
Follow our social media accounts here on facebook.com/DailyExpress and @daily_express
Lloyds Banking Group is planning to hire hundreds of engineers in India as the company plans to shift its employment opportunit
£1.6m Music Export Growth Scheme to support 58 independent UK artists to tour the world Funding will boost UK’s creative industries – a key growth se
A BELOVED restaurant chain has announced it will close eight venues across the UK, scrapping 158 jobs in the process.Owners are pointing the finger at Labour's
The latest figures published by the US Bureau of Labor Statistics today (7 March) came in below market expectations, with economists polled by