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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tesco Plc | LSE:TSCO | London | Ordinary Share | GB00BLGZ9862 | ORD 6 1/3P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.90 | 0.65% | 293.00 | 294.50 | 294.60 | 296.40 | 293.00 | 293.00 | 30,859,139 | 16:35:03 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Grocery Stores | 68.9B | 1.19B | 0.1670 | 17.71 | 21.04B |
From Apr 2019 to Apr 2024
By Adria Calatayud
Tesco PLC (TSCO.LN) said Monday that up to 9,000 of its employees' jobs could be at risk, as the U.K. grocer plans to close fresh-food counters at 90 of its stores as part of a turnaround.
Up to half of the 9,000 employees could be redeployed to other customer-facing roles, the company said.
The 700 unaffected stores will continue with either a full or flexible counter offer, the FTSE 100-listed company said. Tesco said it will change the way it manages its stock to reduce workload. The company will also extend self-service kitchen areas to all its stores, it said.
As part of its efforts to move to a simpler structure, Tesco said it plans changes in some head-office teams.
Tesco said it doesn't plan any significant changes to its bakeries this year.
Shares at 1451 GMT were down 2.7% at 218.90 pence.
Write to Adria Calatayud at adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
January 28, 2019 10:11 ET (15:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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