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

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
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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
High earners underestimate how much they need to retire comfortably
High net worth individuals grossly misjudge how much money they need for a comfortable retirement, new data shows, with many not saving enough.
-
Retired banker who gave wife £80m to avoid inheritance tax won’t face equal split in divorce
Family lawyers say the Supreme Court ruling will have significant impact on high net worth divorce cases