Tesco to close 43 stores across UK

 

Tesco supermarket has announced it will be closing some of its unprofitable smaller stores.

After suffering falls in sales and profit warnings for the last two years, measures are now being taken to raise some cash.

As well as the closures, plans to open 49 new large stores have been shelved, overheads will be reduced by 30% and the staff pension scheme will end.

TNT News

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