Restructuring events
European Restructuring Monitor (ERM)
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.
Tesco supermarket has announced further restructuring plans which will result in the loss of 1,700 jobs. Since the arrival of the new CEO, there has a been a series of job cuts. In 2017 Tesco announced 1,100 job cuts at its call centre in Cardiff and 1,200 head office job cuts. The latest changes are, according to Tesco, designed to remove complexity and ensure that the business remains competitive. Tesco, like so many other of the established UK supermarkets has recently come under increasing pressure from the discount retailers.
The current wave of cuts includes personnel managers and compliance managers in 757 large stores and seven warehouses, and customer service managers in 266 Tesco Extra stores. The newly created roles will have broader recruitment and personnel remits as well as being located across sites. Tesco has said that it will look to redeploy some people whose positions have been cut to these new roles. There is no information available as to when the changes will take effect.
Eurofound (2018), Tesco, Internal restructuring in United Kingdom, factsheet number 93129, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/93129.