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Stock impact report

U.K. New Jobs Tracker: Supermarket Giants Lead 40,000 Job Hiring Spree As Coronavirus Demand Intensifies [Forbes]

TESCO PLC S/ADR (TSCDY) 
NASDAQ:AMEX Investor Relations: tescoplc.com/investors
Company Research Source: Forbes
The U.K.’s largest supermarket chains are leading the call for over 45,000 new staff to cope with the increased demand for basic goods during the coronavirus pandemic. Job opportunities include shelf stackers and shop floor staff, and pay rates are around £9 to £10 per hour. The site livingwage.org says £10.75 per hour is what workers need “to live” in London. The need for new to staff to help shops cope with increased demand is high as supermarkets become important local assets for those anxious and confused by the ongoing crisis. Today In: This Week’s Biggest Losers: Buffett, Gates And Eight Other Drop $57 Billion Combined Amid COVID-19 Panic Asda chief executive Roger Burnley said in a statement, “Never in my 30 years in retail have I ever felt so keenly the role played by supermarkets in our communities." Last week University student Tracy Landu was given a job only three hours after applying for a role at her local Tesco store. She said on Twitter: "I applied for a role at Te Show less Read more
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