The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
East of England; Bedfordshire and Hertfordshire; Hertfordshire
Location of affected unit(s)
Welwyn and Hatfield
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
1,200 jobs Number of planned job losses
Announcement Date
28 June 2017
Employment effect (start)
Foreseen end date
Description
Supermarket giant Tesco has announced further plans to cut jobs, this time from its Hertfordshire head offices in Welwyn Garden City and Hatfield. In total 1,200 jobs will be cut, which equates to approximately one in four of the workforce. The decision is part of a larger restructure which aims to cut GBP 1.5 billion (€1.7 billion) from the company's operating costs. It follows shortly after the announcement that the company will be closing its call centre in Cardiff with the loss of around 1,100 jobs. The timescale for the job losses has not been reported, though it is understood that affected workers have been informed.
Sources
28 June 2017: BBC Website
28 June 2017: The Guardian
Citation
Eurofound (2017), Tesco, Internal restructuring in United Kingdom, factsheet number 91431, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91431.
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