Tesco to Cut 1,200 U.K. and India Jobs
- Quarter of grocer’s head office workers set to lose their jobs
- Move is ‘significant next step’ in turnaround of business
A Tesco supermarket in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Tesco Plc said it’s cutting about 1,200 head-office jobs as the U.K. grocery leader adjusts to increasing cost pressures.
About a quarter of workers will lose their positions at its British base in Welwyn Garden City, England, and at offices in Bengaluru, India, the supermarket operator said Wednesday.