Britain's Tesco Will Also Be Laid Off On A Large Scale To Remove About 6000 Jobs.

World famous retail chain supermarket Tesco Today, both in the local and international markets are struggling. Following the exposure of Tesco in China gate shop and Huarun million, and the redevelopment of Tesco in the UK, there have been reports recently that Tesco in the UK will carry out mass layoffs and abolish about 6000 jobs.

In January, Tesco said it was about to proceed. Business reorganization Cut costs and close dozens of unprofitable stores. The layoffs, Tesco will remove about 6000 jobs from headquarters and previously planned closed stores. Industry analysts believe that this is part of the company's efforts to prevent profits from falling.

According to Tesco financial data, in the 19 weeks ended January 3rd, after deducting fuel and VAT, Tesco's same store sales fell 2.9% compared with the same period last year, and sales volume dropped 0.3% in the Christmas shopping season in the past 6 weeks. The company expects that the operating profit of the financial year can not exceed 1 billion 400 million pounds (about 2 billion 110 million US dollars). In addition, Tesco was exposed to accounting scandals last year and issued a series of profit warning, which also made the company's profits fall to its lowest level in at least ten years.

In addition to drastic restructuring in the UK, Tesco's adjustment in the Chinese market has entered a new stage. This newspaper has reported that in May last year, the joint venture between Huarun's Wanjia parent company China Resources Enterprise Ltd and the British Tesco was approved by the government. Tesco subscribed to 20% of the 134 joint ventures, 19 shopping malls and HK $4 billion 325 million in cash, and Huarun venture holding 80%.

Huarun Wanjia limited CEO Hong Jie said recently that Huarun's integration of Tesco has entered a substantive stage. It is reported that Huarun 10000 Guangzhou Tianhe North gate shop has changed the original Tesco logo flag to Huarun 10000 Red six corner star flag.

However, since Tesco lost a lot in China's Tesco stores, it even dragged Huarun's business performance down. In this regard, Hong Jie believes that Tesco's short-term losses are inevitable, but the prospect is very promising. Industry analysts pointed out that under the new normal economic situation, the traditional retail industry is generally not well adjusted. Mode of operation To make full use of all channels and adapt to the new consumption environment will help Tesco achieve losses as soon as possible.