Tesco announces plans to cut 400 jobs across stores and head office

manchestereveningnews.co.uk:

Tesco has announced it will cut 400 jobs across the UK as part of plans to 'simplify' the business. The job losses will affect managers in its head office and Tesco Mobile phone shops, as well as staff at its in-store bakeries.

The retailer said it hopes to be able to find alternative roles for those members of staff within the business. Announcing the planned cuts, Tesco’s UK boss Matthew Barnes said: “These are difficult decisions affecting our colleagues, but we believe they are necessary to enable us to invest in what matters most to our customers. “Our priority is to support impacted colleagues and we will do everything we can to help them find alternative roles within our business.

Today, we have almost 1,000 vacancies available.” Earlier this month, Tesco bosses cheered the retailer’s “biggest ever Christmas” as it increased its share of the UK grocery market to its highest level since 2016.

It reported UK and Ireland like-for-like sales, excluding fuel and VAT, up 3.7% over the six weeks to January 4 and record trading in the week before Christmas.