+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Tesco recruits 45,000 UK staff on virus demand

Apr 8, 2020, 12:36 IST
PTI
London, Apr 8 (AFP) Britain's biggest retailer Tesco said Tuesday that it recruited over 45,000 staff in the past two weeks as the coronavirus outbreak sparked a stockpiling surge while many supermarket workers fell ill.

In an earnings update, Tesco said costs were forecast to increase by between 650 million pounds and 925 million pounds ($787 million and $1.12 billion) on "significant cost increases in payroll, distribution and store expenses".

Advertisement

Chief executive Dave Lewis said "COVID-19 has shown how critical the food supply chain is to the UK" but he noted that "initial panic buying has subsided and service levels are returning to normal".

Tesco said that "more than 45,000 new colleagues" joined since March 20, including drivers meeting soaring demand for home deliveries.

"In the first few weeks of the crisis, significant panic buying... cleared the supply chain of certain items," it said.

"The size and nature of our workforce means we have experienced a significant absence of colleagues," it added.(AFP) AMSAMS

(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)
Next Article