Tesco is reportedly planning to cut around 15,000 jobs as part of a cost-cutting strategy.
This move follows a review of the business that was conducted after the supermarket experienced a tough Christmas trading period.
Go deeper with GlobalData
The company is also reportedly closing its meat, fish and delicatessen counters, as well as reducing the number of in-store bakeries.
In addition, the store’s bakeries will start using frozen dough for its products, and the company will introduce vending machines to cafe areas to enable it to reduce staff numbers.
The plans could affect around 732 stores in the UK. Tesco currently employs more than 310,000 associates in the country.
A Tesco spokesperson was quoted by The Financial Times as saying: “We’re always looking at ways to run our business more simply and efficiently. Whenever we make changes in our business, colleagues are always the first to know.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataBritish and Irish trade union Unite retail distribution national officer Adrian Jones told the news agency that the union would enter talks with Tesco. He said: “We would have expected to have been informed of any such large-scale changes that would affect our members.”
The Union of Shop, Distributive and Allied Workers (Usdaw) has also called on the retailer seeking an urgent meeting with Tesco’s management.
Usdaw’s Pauline Foulkes was quoted by Financial Times as saying: “Our priority will be to press Tesco to confirm the details of their proposed changes.”
