Tesco Says Up to 9,000 Jobs May Be at Risk From Restructuring Plan
29 January 2019 - 2:26AM
Dow Jones News
By Adria Calatayud
Tesco PLC (TSCO.LN) said Monday that up to 9,000 of its
employees' jobs could be at risk, as the U.K. grocer plans to close
fresh-food counters at 90 of its stores as part of a
turnaround.
Up to half of the 9,000 employees could be redeployed to other
customer-facing roles, the company said.
The 700 unaffected stores will continue with either a full or
flexible counter offer, the FTSE 100-listed company said. Tesco
said it will change the way it manages its stock to reduce
workload. The company will also extend self-service kitchen areas
to all its stores, it said.
As part of its efforts to move to a simpler structure, Tesco
said it plans changes in some head-office teams.
Tesco said it doesn't plan any significant changes to its
bakeries this year.
Shares at 1451 GMT were down 2.7% at 218.90 pence.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
January 28, 2019 10:11 ET (15:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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