By Ian Walker
LONDON--Asda is planning to create up to 12,000 new jobs over
the next five-years in parts of the U.K. where it doesn't currently
have stores as part of its parent's commitment to invest in the
country.
The jobs were announced at a meeting Monday between Doug
McMillon, president and chief executive of Asda's parent Wal-Mart
Stores Inc. (WMT), with the U.K. Prime Minister David Cameron at
Asda's Clapham Junction store in London.
"A seismic shift in the structure of the retail market is
underway--not just in the U.K.--but right across the world," Mr.
McMillon said, adding: "Asda recognised the change in its market
and took early action to develop and implement a strategy that will
see it grow--creating more new jobs and bringing real value to more
customers in the U.K.".
Mr. Cameron said: "Supporting business, creating jobs and
cutting taxes are all part of our long-term economic plan,",
adding: "I am delighted that Asda is continuing to invest heavily
in the UK, creating another 12,000 jobs that will give people
financial security for the future."
Mr. McMillon is in the U.K. as the retailer prepares to hold its
first ever board meeting here.
Write to Ian Walker at ian.walker@wsj.com
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