NewsBeat

Tesco to cut 380 jobs in the UK as part of business changes

Published

on

The job cuts come as part of several changes proposed by the supermarket giant this week, including:

  • Updates to replenishment schedules
  • The removal of its centralised bakery operation
  • Installation of new in-store bakeries in around 100 Express stores across the UK
  • Additional investment in F&F Clothing departments


Tesco to axe 380 jobs amid business changes

These proposed changes will result in around 380 jobs being cut, a Tesco spokesperson confirmed.

Tesco UK CEO, Ashwin Prasad, added: “Any decision that impacts our colleagues is a difficult one to make.

“However, these changes are necessary to enable us to continue to win with customers, and offer them the unrivalled value, quality and service they expect from us.

Advertisement

“Our priority is always to support impacted colleagues, and we will do everything we can to help them find alternative roles within our business.”

While 380 job cuts are planned, there are currently 1,500 vacancies available within the Tesco business.



Rocky start to 2026 for UK high street

It has been a rocky start to 2026 for the UK high street, with several retailers entering administration and others announcing wide spread store closures.

Advertisement

Major high street retailers, including River Island, Primark, and Poundland, have been forced to close stores already in 2026.

Revolution owners The Revel Collective also closed 21 bars across the UK on Tuesday (January 27) after falling into administration, resulting in the loss of 591 jobs.

Meanwhile, Russell & Bromley announced last week that it had entered administration.

Advertisement

Despite the British shoe retailer being purchased by Next, 33 stores remain at risk of closing.

UK travel companies Regen Central Ltd and Gold Crest Holidays have also ceased trading in January, impacting travellers across the UK.

UK kitchen retailer Moores also entered administration recently, resulting in the loss of 124 jobs.


Advertisement

Claire’s and The Original Factory Shop went into administration for the second time in a matter of months earlier this week.

Insolvency practitioners from Kroll were appointed on Monday (January 26) to handle the process, as more than a thousand high street jobs are now at risk.


RECOMMENDED READING:


Claire’s first went into administration last year after its former US parent company went bankrupt, before being saved by investment firm Modella Capital.

Advertisement

Modella bought more than 150 Claire’s shops last year, but 145 were not included in the deal, leading to their closure.

Now the remaining sites may follow.

Source link

Advertisement

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version