Job fears: Asda bosses are reviewing 18 large UK stores

Fears for hundreds of Asda staff jobs after profits plunge

Job fears: Asda bosses are reviewing 18 large UK stores

Job fears: Asda bosses are reviewing 18 large UK stores

Hundreds of Asda staff could lose their jobs as the US-owned chain battles slumping sales and changing shopping habits.

Bosses are reviewing 18 large UK stores – where 10 per cent of the 3,257 roles could go.

Britain’s third-largest retailer, taken over by US multinational Walmart in 2009, saw its profits plunge by 19.9 per cent last year to £657.2million amid revenues falling by 3.2 per cent to £21.7billion.

The low-cost supermarket has been facing a price war from rivals Aldi and Lidl and many analysts believe it has sacrificed shopping experience.

Customers at the 18 stores are also making smaller, more frequent trips for which they are more likely to use self-service tills, requiring fewer staff.

Asda is also understood to be reviewing staffing at a further 59 stores where it wants to move workers between departments.

Posted on; DailyMail>>

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