Tesco to cut 180 jobs within its head office [Yahoo! Finance]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance
Tesco will cut 180 head office jobs as it adjusts to changing shopping habits. The supermarket giant said roles at its Welwyn Garden City headquarters in Hertfordshire are at risk under new proposals. As part of the shake-up, Tesco will create 250 new roles within existing teams at the Hertfordshire site, but did not specify which roles are being cut. Ken Murphy, Tesco's chief executive, told PA Media: "We are committed to giving our customers the best value and service every time they shop with Tesco." Last year, Tesco cut about 400 jobs across its bakeries, mobile phone shops and head office as part of plans to "simplify" the business. In the latest financial year since then, the company expects to make a profit of between £2.9bn and £3.1bn. Murphy added: "As we look forward and anticipate customers' changing needs, we must ensure we continue to have the right setup and capabilities. "To do this in a highly competitive market, we must be efficient and agile in how we
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