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CATEGORY: NEWS AND ANNOUNCEMENTS     SECTOR: FOOD & DRUG RETAILERS

Tesco to cut jobs at distribution centre, reports say

Tue 26 Feb 2013

TSCO - Tesco
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Latest Prices
Name Price %
Tesco 380.80p +1.85%
 
FTSE 100 6,723 +0.53%
FTSE 350 3,619 +0.57%
FTSE All-Share 3,547 +0.57%
FTSEurofirst 300 1,248 +0.27%
Food & Drug Retailers 4,735 +2.19%
Tesco to cut jobs at distribution centre, reports say LONDON (SHARECAST) - Supermarket giant Tesco is cutting around 2,000 jobs across its UK distribution centres, it was reported Tuesday.

The retailer said the move to close some of its centres and open others follows a review of its distribution network.

Those who lose their positions will be offered another job within the company it said, in including a job at one of its two new confirmed distribution sites in Reading and Dagenham.

The group was reported as saying the plans will "give our customers a better service and improve working conditions for our colleagues".

Tesco's share price fell 2.25% to 365.55p by 14:35.

NR

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