You are using an older browser version. Please use a supported version for the best MSN experience.

Tesco to cut 1200 head office jobs

Press Association logoPress Association 28/06/2017

Britain's largest supermarket chain Tesco is to axe 1,200 jobs at its head office.

Tesco is in the middle of a turnaround plan under chief executive Dave Lewis.

A Tesco spokesman said: "Today we have shared with colleagues across Tesco changes that we plan to make to the way we operate our business. This is a significant next step to continue the turnaround of the business.

"This new service model will simplify the way we organise ourselves, reduce duplication and cost but also, very importantly, allow us to invest in serving shoppers better.

"We have made good progress so far in our turnaround but we have more to do. We will work with colleagues to support them as we go through this important transition."

Lewis has been hailed for leading a turnaround of the supermarket since taking the helm in 2014.

But earlier this month, the chief executive warned of "tough market conditions" as soaring inflation results in higher shop prices and squeezes consumer spending.

More From Press Association

image beaconimage beaconimage beacon