🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Aldi to create 1,200 more UK jobs this year

Published 29/07/2020, 23:05
© Reuters. Signage is seen at a branch of Aldi Local, London
MRW
-
TSCO
-
SBRY
-
WMT
-

(Reuters) - Aldi, Britain's fifth-largest supermarket group, will create an additional 1,200 jobs this year in the United Kingdom, which will boost its total new jobs in the UK to 4,000 for the year, the company said on Wednesday.

Aldi, which has more than 890 stores and employs around 35,000 people across the UK, said in an emailed statement that it is opening new stores Sandhurst, Bristol and Edinburgh.

The additional jobs are a rare occurrence in the sector, which has otherwise been hit hard by the coronavirus outbreak due to government restrictions on movement as well as consumer fears about large public gatherings.

Unlike the country's big four grocers - industry leader Tesco (L:TSCO), Sainsbury 's (L:SBRY), Asda (N:WMT) and Morrisons (L:MRW) - Aldi and rival Lidl GB are continuing to open new stores, driving market share gains.

By 2025, Aldi aims to have 1,200 stores in the United Kingdom.

German-owned discount supermarket Lidl said earlier this month that it plans to open over 25 new stores in the next six months, creating 1,000 jobs.

© Reuters. Signage is seen at a branch of Aldi Local, London

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.