Tesco announces 400 job cuts amid business streamlining
The job cuts are in response to the current competitive market, prompting the company to find new ways to boost its value proposition.
30 January 2025
30 January 2025
The job cuts are in response to the current competitive market, prompting the company to find new ways to boost its value proposition.
Like-for-like sales grew 4.1% over the year, improving from 1.8% growth in 2022/23.
The company’s revenue dipped by 2% to €84.68bn over the fiscal year.
The company's overall turnover and concession sales rose 5.7% in the 26 weeks ending 29 December 2024.
The company will achieve the majority of the job cuts through the non-filling of open positions.
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