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| Name | Symbol | Market | Type |
|---|---|---|---|
| Tesco PLC (PK) | USOTC:TSCDY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.46 | 12.51 | 12.54 | 0.00 | 13:04:39 |
From Jul 2019 to Jul 2024
By Oliver Griffin
Tesco PLC (TSCO.LN) said Monday that it will simplify its operational structures to improve efficiency in a move that will affect the jobs of 1,700 employees.
The U.K. supermarket said that as a part of the changes, the roles of people manager and compliance manager will be removed from large stores and warehouses.
The role of customer experience manager--present in 226 Tesco stores--will also be removed, giving line managers more direct accountability for customer service, in line with the structure of other stores, the company said.
Tesco said that as a result of the changes, 900 new roles with broader remits will be created, including people partners, learning partners, and colleague relations partners.
The supermarket said it will provide support to the 1,700 affected employees in finding alternative roles wherever possible.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
January 22, 2018 09:54 ET (14:54 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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