Tesco’s job creation via demotion - The Sun
Feb 28, 2017, 11:20 AM
Tesco is demoting 1,600 managers at its stores and cutting their pay. It will replace the lost jobs with 3,300 lower-ranking shift manager positions.
Rhodri Philips, City Editor for The Sun sheds light on the John Lewis’ motive behind this unique way of job creation. Is he preparing the company for the takeover of Booker, which is expected to cost GBP 3.96 billion?
On housebuilders
“The housing sector is going great guns”, says Philips while talking about the upbeat numbers from Taylor Wimpey.
On FTSE 100 reshuffle
Philips expects Easy Jet and Dixons Carphone to get a boot.