Tesco chief unveils dramatic shakeup at troubled supermarket

By | January 9, 2015

Significant job cuts are on the cards at the UK’s biggest private sector employer

Source: www.theguardian.com

In retail news from the UK. 

Tesco said all types of stores were affected by the closures, but more than half were Express convenience outlets, its smallest type. An Express store employs up to 25 people while an out-of-town Tesco Extra can have 1,000 staff.

Lewis has also abandoned the construction of 49 large supermarkets which he said the retailer “quite simply could not afford”.

 “There can’t be any sacred cows in business. You have got to do what you have got to do.”