Tesco to cut up to 15,000 jobs and axe deli counters
 

https://www.telegraph.co.uk/content/...eg?imwidth=600
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.

https://www.telegraph.co.uk/content/...eg?imwidth=400



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/

I know they must recoup some of that fine by sacking people :umm2: but tbh the deli and butcher counters etc are sparsely populated anyroad?

Bloody Brexit

Losing deli counters is a bit drastic, this is what sets Tesco and Sainsbury's apart form Aldi and Lidl

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.

no its other stores like


Aldi ans Lidl

It could back fire

Yes it could, they need to keep some diversity if all the stores are the same there will be no need to shop around

The EU supermarkets? Coincedence? I think not.

Congrats Brexiteers you got what you wanted :clap1:

yep

bloody foreign deli muck

good riddance

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 ]

Healthy capitalism at work.

brexit britain :skull:

How has the demise of Tesco due to the rise of cheap imported supermarkets from the EU lead you to post that?

:joker:

Thank God for that....fed up emptying crumbs out my raincoats pockets.

brexit britain :skull:

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

This has nothing to do with brexit, Tesco had massive profits last year and one exec took home over 3 million.

Morrison and Asda did the same thing, it’s about cutting costs to make more money.

What's the connection to Brexit, idgi?

People will stop needing food apparently

The decline of Tesco et al. has more to do with ye olde recession and excessive Tory austerity than with Brexit, to be fair.

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.

Their finances collapsed post-recession and they completely changed direction and structure; they've recovered recently but are still in the "austerity mindset", i.e., cheap food and cheap service for people without much money to spend.

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.

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