Retail In brief South Africa

UK supermarket Tesco axes another 1,200 jobs

Supermarket giant Tesco on Wednesday announced plans to cut about one quarter, or 1,200, of its head office positions as part of a cost-cutting drive at Britain's biggest retailer.

"Today we have shared with colleagues across Tesco changes that we plan to make to the way we operate our business," a spokesman said. "This is a significant next step to continue the turnaround of the business."

Tesco is undergoing vast cost-cutting under chief executive Dave Lewis and last week revealed plans to axe 1,100 jobs with the closure of a call centre in the Welsh capital Cardiff.

Source: AFP

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