British supermarket chain Tesco is cutting about 4,500 jobs from its Metro store...
However, the whole industry has remained under pressure from German challengers Aldi and Lidl, prompting Tesco to review logistics in an effort to find efficiency savings and maximize profit growth.
The Metro job cuts, however, are another blow to a sector that has been hammered in recent years by the rapid growth of online shopping and a sluggish economy, forcing many brands to axe stores or go out of business altogether. Tesco also said it would reduce opening hours in 134 of its 1,750 Express convenience stores and streamline stock-handling procedures in some of its larger stores.
FILE PHOTO: Shopping trolleys are seen at a Tesco supermarket in central London, December 9, 2014. REUTERS/Toby Melville/File Photo
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Game in disarray, Spieth misses 54-hole cut at WyndhamBarely a year after being ranked a lofty third in the world, Jordan Spieth made ...
Read more »
‘Aggressive’ Women Need Not Apply: Why The Language Of Job Postings Matters So MuchA LinkedIn study shows that certain keywords in job postings can deter women from applying, despite their qualifications:
Read more »
Saban denies offering job to ex-OSU assistant SmithAlabama coach Nick Saban denied offering a job to former Ohio State assistant co...
Read more »
3 Bad Job Interview Mistakes And How You Can Avoid ThemEven if you're a confident communicator, you may be making one of these job interview mistakes. You can relax if you aren't.
Read more »
The bond market doesn't believe the Fed cut was one-and-done, says strategistU.S. Treasurys are signaling a lack of faith in the idea that the Fed's first rate cut in a decade isn't the start of a pattern, says Bank of America Merrill Lynch's Paul Ciana.
Read more »
El Paso Walmart shooting: Rep. Veronica Escobar town hall cut short
Read more »