Tesco Ireland Staff Accept Voluntary Redundancy
Up to 350 staff at Tesco Ireland have taken voluntary redundancy.
The job losses are amongst night-time staff, while others who currently pack shelves at night will be moved to day time hours. According to Tesco all but 90 of the roles vacated through the voluntary redundancy scheme will be backfilled. Earlier, it was confirmed that sales at the supermarket dropped by 5.5% in Ireland over the Christmas period.
However of late, the British retail giant has been rocked by a string of profit warnings and a devastating accounting scandal
Jobs are also set to go throughout the chain, as part of an overhaul of its store management structure, with others who stay forced to take pay cuts.
In a blow to staff, Britain’s biggest supermarket is shutting 43 stores, slashing head office costs and closing its defined salary pension scheme.
Jobs are also set to go through an overhaul of its store management structure, with others who stay forced to take pay cuts.
Meanwhile, the industry heavyweight is ditching plans it had to build 49 more superstores.
The firm is also selling its Blinkbox video streaming website to TalkTalk, offloading its home broadband arm and scrapping its final dividend in a blow to shareholders.
Mr Lewis, also revealed plans to move Tesco’s headquarters in Cheshunt, Hertfordshire, where it has been for more than half a century, to nearby Welwyn Garden City.
He said: “We have some difficult decisions to make. I am conscious that the consequences of these changes are significant.”