Tesco becomes latest UK supermarket to announce job cuts

finance
Created 1/29/2025
Updated 1/29/2025

Tesco is cutting 400 jobs as part of a plan to streamline operations amid rising competition in the grocery sector. Changes include restructuring bakery services, Tesco Mobile management, and closing the Snodland distribution centre, with affected staff offered roles at a new Aylesford site. Despite reporting record Christmas sales, the retailer faces cost pressures from wage hikes and increased national insurance contributions. Tesco joins other UK supermarkets like Sainsbury’s and Morrisons, which recently announced job cuts to manage soaring costs and maintain efficiency.

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