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28-01-2019, 08:06 AM | #1 | |||
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You know my methods
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Tesco is planning to make as many as 15,000 jobs redundant in the latest round of cost cuts by chief executive Dave Lewis. Deli counters including butchers, fishmongers and cheese stands in many of its largest stores face closure, as do parts of staff canteens, according to reports in The Mail on Sunday. Mr Lewis wants to cut costs by £1.5bn by 2020 to make the company more profitable. Tesco spent £4bn buying Booker, the wholesaler, last year, in an attempt to take more control of its supply chain. It also launched Jack’s, a discount chain, to fend off competition from low-cost rivals such as Lidl and Aldi. Mr Lewis joined Tesco in 2014 from Unilever, where he earned the nickname ‘Drastic Dave’ for radical action including cost cutting. Reducing headcount at Tesco by 15,000 would amount to 3.4pc of the grocer’s total workforce of 440,000 staff, a figure already down on the 476,000 of three years ago, indicating the scale of pressure on the company in the face of relentless competition. The proposed cuts would take the net fall in employee numbers to more than 50,000 in the past three years. Tesco has a market share of 27.8pc, according to Kantar, well above second-placed Sainsbury’s, which has 16.2pc, but still firmly below its peak of almost one-third of all grocery spending more than a decade ago. Reports of the jobs plan come just days after details of a deferred prosecution agreement (DPA) were published by the Serious Fraud Office. Tesco agreed to pay a fine of £129m and investigation costs of £3m to the SFO in relation to the discovery of financial irregularities in 2014.| Tesco “dishonestly created a false account of its financial position by overstating its profits,” the SFO said. “The DPA clearly outlines the extent of this criminal conduct for which the company has accepted full responsibility.” Shares in Tesco are up 18pc so far this year to 225.90p, still well below last year’s peak of 266p and less than half its all-time high of 477p in 2007. Tesco did not comment on the reported 15,000 job cuts but i bet its "coz of Brexit said the MD" https://www.telegraph.co.uk/business...deli-counters/ |
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28-01-2019, 08:10 AM | #2 | |||
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You know my methods
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I know they must recoup some of that fine by sacking people but tbh the deli and butcher counters etc are sparsely populated anyroad?
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28-01-2019, 08:15 AM | #3 | |||
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Withano
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Bloody Brexit
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28-01-2019, 08:19 AM | #4 | |||
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This Witch doesn't burn
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Losing deli counters is a bit drastic, this is what sets Tesco and Sainsbury's apart form Aldi and Lidl
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'put a bit of lippy on and run a brush through your hair, we are alcoholics, not savages' |
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28-01-2019, 08:34 AM | #5 | ||
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In the one near me I have literally NEVER seen them staffed, and I'm in there at some point 4 or 5 days a week! It's 2 mins from my work. I mean, they exist, they have stuff on them so I guess someone put them there, but there's never a member of staff on them.
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28-01-2019, 08:35 AM | #6 | |||
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Senior Member
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28-01-2019, 08:38 AM | #7 | |||
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Senior Member
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28-01-2019, 08:39 AM | #8 | |||
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This Witch doesn't burn
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Yes it could, they need to keep some diversity if all the stores are the same there will be no need to shop around
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'put a bit of lippy on and run a brush through your hair, we are alcoholics, not savages' |
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28-01-2019, 09:32 AM | #9 | |||
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Withano
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The EU supermarkets? Coincedence? I think not.
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28-01-2019, 11:57 AM | #10 | |||
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Skinny Legend
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Congrats Brexiteers you got what you wanted
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28-01-2019, 12:08 PM | #11 | |||
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You know my methods
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28-01-2019, 12:15 PM | #12 | |||
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Senior Member
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Lidl and Aldi both German owned have been in the UK years [Aldi launched in Great Britain, on 5 April 1990] [Lidl opened its first UK store in 2004 ] Last edited by arista; 28-01-2019 at 12:30 PM. |
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28-01-2019, 12:44 PM | #13 | |||
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Sod orf
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28-01-2019, 12:56 PM | #14 | ||
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Stiff Member
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brexit britain
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28-01-2019, 01:08 PM | #15 | |||
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You know my methods
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28-01-2019, 01:17 PM | #16 | |||
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Senior Member
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Thank God for that....fed up emptying crumbs out my raincoats pockets.
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28-01-2019, 01:17 PM | #17 | ||
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Stiff Member
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brexit britain
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28-01-2019, 01:19 PM | #18 | |||
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Senior Member
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No
Tesco are fully aware of the power of Discounters Aldi and Lidl. Tesco rushed to open their own discount Jack's store to try to match Aldi last year. But Aldi and Lidl are still ahead in better prices. Brexit is still to happen end of March Last edited by arista; 28-01-2019 at 01:21 PM. |
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28-01-2019, 03:49 PM | #19 | ||
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thesheriff443
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28-01-2019, 04:09 PM | #20 | |||
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POW! BLAM!
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What's the connection to Brexit, idgi?
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28-01-2019, 04:11 PM | #21 | |||
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This Witch doesn't burn
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People will stop needing food apparently
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'put a bit of lippy on and run a brush through your hair, we are alcoholics, not savages' |
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28-01-2019, 04:38 PM | #22 | ||
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The decline of Tesco et al. has more to do with ye olde recession and excessive Tory austerity than with Brexit, to be fair.
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28-01-2019, 04:44 PM | #23 | ||
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thesheriff443
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Tesco is making lots of money but greedy as they are they want to make more with less people and use frozen dough instead of freshly made in store.
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28-01-2019, 04:49 PM | #24 | ||
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Honestly people rave about Aldi / Lidl etc. but what you get there is a dirty, cluttered shop crammed with cut quality products and overworked, outright rude staff who are more concerned with hastily stacking the shelves right infront of you and then barreling past you to a checkout when summoned than they are with getting in customers' way without so much as an acknowledgement let alone an apology. "My cage full of stuff is infront of the thing you want? Well tough **** sir my manager will fire me if I don't get all these eggs out and back behind the till within 45 seconds" "Oh you weren't finished piling your stuff back into the trolley to pack over by the window? Well sorry, here comes a flood of the next person's stuff!" Yuck. Race to the bottom. Last edited by Toy Soldier; 28-01-2019 at 04:49 PM. |
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28-01-2019, 04:51 PM | #25 | |||
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You know my methods
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Tesco like all big business is there to make profit, its low grade employees are meaningless expendables and i am not sure why anyone is surprised, especially the dozy unions I heard bleating today
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