11226
Tesco to Cut 10,000 Jobs
World Economy

Tesco to Cut 10,000 Jobs

Britain’s biggest supermarket Tesco could cut up to 10,000 jobs as part of its attempts to halt a slide in profits, Reuters reported adding that the Sunday Telegraph said up to 6,000 positions would be cut from Tesco’s head offices and the stores it has said it plans to close. The rest would come from an overhaul in the way it runs its stores, including eliminating managerial roles. Tesco said in late January that up to 2,000 people could lose their jobs with the closing of 43 stores.

Short URL : http://goo.gl/pq42f9

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
UK Economy Will Shrink Without Brexit Deal
Britain’s economy will shrink if the country leaves the...

Trending

Googleplus