Tesco To Cut 4,500 Jobs in Store-Operation Changes
August 05 2019 - 10:31AM
Dow Jones News
By Adriano Marchese
Tesco PLC (TSCO.LN) said Monday that it will eliminate 4,500
jobs and implement changes across its stores to address increasing
competition and a more challenging retail environment.
The U.K.'s biggest grocer by market share said it will seek to
simplify and reduce processes and administrative tasks across its
153 Tesco Metro stores. Additionally, 134 of its 1,750 Express
stores where footfall is lower will introduce reduced opening hours
and a simplified stock routine.
In some of its larger stores, the grocer said it will look to
streamline operational routines, which will include its process for
moving stock around the store and filling shelves. Other changes
will include simplification of the management structure, and
greater flexibility from customer service at the busiest times of
day.
"In a challenging, evolving retail environment, with increasing
cost pressures, we have to continue to review the way we run our
stores to ensure we reflect the way our customers are shopping and
do so in the most efficient way," Chief Executive of U.K. and
Republic of Ireland Jason Tarry said.
Tesco said that its priority is to support the affected staff,
and to find alternative roles within the company for as many as
possible.
Write to Adriano Marchese at adriano.marchese@dowjones.com
(END) Dow Jones Newswires
August 05, 2019 10:16 ET (14:16 GMT)
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