Tesco cuts 325 jobs at headquarters under margin pressure

An article by Sophie Baqué

Publication

13 October 2022 à 11h30

Updated on 21 October 2022 à 21h44

Reading time

2 minutes

Publication: 13 October 2022 à 11h30, Updated on 21 October 2022 à 21h44

Reading time: 2 minutes

An article by Sophie Baqué

Publication

13 October 2022 à 11h30

Updated on 21 October 2022 à 21h44

Reading time

2 minutes

Publication: 13 October 2022 à 11h30, Updated on 21 October 2022 à 21h44

Reading time: 2 minutes

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In order to save €572.55 million this year, Tesco announced on 5 October a set of more than 300 redundancies at head office and regional teams. The group is following in the footsteps of the Co-Op supermarkets (400 jobs cut at headquarters this summer) and Primark (400 managers made redundant in 2022).

…

The group has also unveiled a second annual pay rise for store staff. From 13 November, the basic hourly wage will be increased by €0.23 to €11.79, and to €12.57 in London. The next pay...

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