Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Tesco recruits 35,000 workers to get through coronavirus crisis

Published 31/03/2020, 17:30
Updated 31/03/2020, 17:45
© Reuters. FILE PHOTO: General view of Tesco delivery vans at a depot in Enfield

LONDON (Reuters) - Britain's biggest retailer Tesco (L:TSCO) said on Tuesday it had recruited 35,000 additional workers in the last 10 days to help get it through the coronavirus emergency, which has triggered a dramatic increase in demand for groceries.

The supermarket group is the country's largest private sector employer with around 340,000 workers in the United Kingdom and Ireland and nearly 3,800 stores.

The new workers, including in-store shelf stackers, pickers for online deliveries and drivers, will help fill a gap left by those absent due to sickness or self-isolation.

In a letter to customers Tesco Chief Executive Dave Lewis said that after a week of national lockdown most panic buying by shoppers had eased.

He said in fresh food, stock levels had returned to almost normal levels, with plenty of fruit and vegetables available, while in packaged groceries the recovery would take a few more days.

Lewis also said Tesco was donating 30 million pounds ($37.4 million) to community organisations under pressure from the crisis.

Separately on Tuesday industry data showed UK grocery sales leapt more than a fifth to a record 10.8 billion pounds in the four weeks to March 22, as Britons stocked up on everything from pasta to pet food ahead of the lockdown.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.