Supermarket chain Tesco has revealed plans to create more than 100 new jobs in the Isle of Man after acquiring stores from retail company Shoprite, the BBC has reported.

The announcement comes after Tesco purchased nine stores belonging to Shoprite in October 2023. The takeover resulted in 60 job losses, primarily in administrative roles.

Tesco is converting five of the stores into superstores and the remaining four into Express outlets.

Tesco has transferred many employees from Shoprite. The takeover will then create an additional 107 vacancies in stores across the island.

Isle of Man Enterprise Minister Tim Johnston MHK stated: “I welcome the news of job creation by Tesco as this demonstrates their commitment to not only maintain stability of our food supply, but also open further opportunities for the workforce.

“The Department for Enterprise, along with our colleagues at the Department of Environment Food and Agriculture, have maintained close contact with Tesco management since their announcement, and continue to work to ensure the transition period has minimal impact on residents, and all supplier concerns are raised and communicated appropriately.”

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.

Company Profile – free sample

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 GlobalData

The store conversions will take place during 2024, with Tesco currently in talks with local suppliers. Six local suppliers are already stocked in its existing Douglas superstore, reported Manxradio.com.

In October 2023, Tesco CEO Jason Tarry supported a new petition calling for the UK government to make violence against or abuse of retail workers a standalone criminal offence.