Tesco – UK’s biggest retailer to cut thousands jobs

Tesco has begun a cull of head office staff that is expected to involve thousands of job losses as its new chief executive slashes costs and strives to reinvigorate the UK’s biggest retailer. 

Sky News has learned that the company has in recent days begun informing senior staff of changes to the structure of its head office functions, which currently employ around 8,000 people.

Insiders said around 120 business unit leaders had commenced individual discussions with hundreds of directors across the Cheshunt and Welwyn Garden City offices on Wednesday, with talks set to continue on Thursday and Friday.

Those affected include senior employees at commercial and category director levels.

Chosen excerpts by Job Market Monitor. Read the whole story at Tesco To Axe Thousands Of Head Office Jobs.