Tesco (PK) (USOTC:TSCDY)
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2 Months : From Feb 2020 to Apr 2020
By Adria Calatayud
Tesco PLC said Tuesday that more than 1,800 jobs are at risk as part of a series of changes to the company's in-store bakery operations in order to adapt to changing customer demands.
The U.K. grocer said it will continue to offer scratch baking in 257 stores and make changes to its other bakeries from May. As a result of some stores doing less scratch baking, fewer employees will be needed, the company said.
"We know this will be very difficult for colleagues who are impacted, and our priority is to support them through this process. We hope that many will choose to stay with us in alternative roles," Tesco U.K. and Ireland chief Jason Tarry said.
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(END) Dow Jones Newswires
February 25, 2020 09:57 ET (14:57 GMT)
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