(MENAFN) British media reported that struggling supermarket giant Tesco may cut around 10,000 jobs as part of plans to shut 43 stores in an overhaul, The Peninsula Qatar reported.
Tesco has already confirmed that 2,000 jobs are under threat, but the Sunday Telegraph said that the figure could be five times higher than that as the manager attempts to reverse sliding profits.
Tesco, which has a British workforce of more than 310,000, had unveiled plans to shut unprofitable branches, sell assets and cut its shareholder dividend in a bid to revive its fortunes after an accounting scandal.
The group also decided to slash capital expenditure, revise its store building program and sell its broadband Internet arm, its TV-streaming service Blinkbox and its Dunhumby data analytics business.
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