Tesco Looks Set To Axe Hundreds Of Store Management Jobs
Tesco looks set to slash hundreds of jobs from its supermarkets, according to the Evening Standard, as CEO Dave Lewis continues his cost-cutting drive.
The UK publication understands that the UK’s biggest retailer will begin consulting with staff as early as this week.
The jobs under review are at store management level.
Lewis has led the turnaround of the business since he took over in 2014, and has already cut over 10,000 jobs.
By 2020, Tesco is aiming to make £1.5 billion in cost-saving measures.
This follows a series of job cuts by other major UK supermarkets, such as Asda, Morrisons, and Sainsbury’s, who are also overhauling the structure of their stores.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.