EMCC European Monitoring Centre on Change

Tesco

Company/Organisation:
Tesco

Geographic Location

Country: United Kingdom
Region: Hertfordshire; Bedfordshire and Hertfordshire; East of England
Location of affected unit(s): Welwyn and Hatfield

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

Employment Effects

Announcement Date: 28-06-2017
Planned Job Reductions min: 1200
Planned Job Reductions max: 1200
Type of Restructuring: Internal restructuring

Additional Information

Supermarket giant Tesco has announced further plans to cut jobs, this time from its Hertfordshire head offices in Welwyn Garden City and Hatfield. In total 1,200 jobs will be cut, which equates to approximately one in four of the workforce. The decision is part of a larger restructure which aims to cut GBP 1.5 billion (€1.7 billion) from the company's operating costs. It follows shortly after the announcement that the company will be closing its call centre in Cardiff with the loss of around 1,100 jobs. The timescale for the job losses has not been reported, though it is understood that affected workers have been informed.