Tesco to cut jobs at distribution centre, reports say

Supermarket giant Tesco is cutting around 2,000 jobs across its UK distribution centres, it was reported Tuesday.

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.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

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