Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Asda cuts jobs and mandates office attendance amid turnaround efforts

by November 6, 2024
November 6, 2024
Asda cuts jobs and mandates office attendance amid turnaround efforts

Asda is mandating that head office employees work on-site at least three days a week, while also announcing job cuts to streamline operations and stabilise its market position.

The changes, communicated in an internal email by interim CEO Lord Rose, affect over 5,000 staff across Leeds and Leicester, taking effect from January 2025.

Since Asda’s £6.8 billion sale to the Issa brothers and TDR Capital in 2021, the supermarket’s market share has dropped from 14.6% to 12.6%, losing ground to Tesco and Sainsbury’s. The decision to reduce remote working aligns Asda with its competitors and aims to foster a more collaborative and responsive work culture.

In addition to the shift in its working policy, Asda will eliminate certain head office roles to “remove duplication and simplify structures,” though the retailer has not specified the number of positions affected.

Lord Rose, who took interim leadership after Mohsin Issa stepped down, aims to revitalise Asda’s performance with support from TDR partner Rob Hattrell. A permanent CEO search, led by recruitment firm Spencer Stuart, is ongoing, though the role reportedly presents challenges in attracting candidates given Asda’s current performance struggles.

Read more:
Asda cuts jobs and mandates office attendance amid turnaround efforts

0
FacebookTwitterGoogle +Pinterest
previous post
Wetherspoons warns of pint price rise as budget adds £60m in costs
next post
Hamas reacts to Trump victory, says he must ‘work seriously to stop the war’ in Gaza

You may also like

Senior business leaders back Keir Starmer’s call not...

September 26, 2023

Yuri Milner Discusses Humanity’s Place in the Universe...

December 7, 2022

The Indispensable Bunsen Burner: Why Laboratories Rely on...

September 25, 2023

Two-thirds of small businesses want to invest in...

May 10, 2023

Vodafone chief warns europe’s 5G rollout lags behind...

March 4, 2025

Newcleo to raise £900m to build fleet of...

March 20, 2023

A Guide to Choosing the Right Funeral Director

February 14, 2024

Foolish not to review IR35’ ahead of General...

July 13, 2023

Whitehall to bring in AI experts to spearhead...

July 20, 2023

Manychat secures $140m to scale AI-powered customer engagement...

April 22, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Jill Biden’s ‘work husband’ runs for cover as privilege protection crumbles

      June 26, 2025
    • Poll: Majority of Republicans back Trump’s strikes on Iran; most Americans fear getting dragged into war

      June 25, 2025
    • Senate Republicans look to sweeten Medicaid pot to silence dissent on Trump’s ‘big, beautiful bill’

      June 25, 2025
    • Judicial nominee shuts down ‘wildly inaccurate’ claims that he’s Trump’s ‘henchman’

      June 25, 2025
    • Tesla’s European sales fall for a fifth month in a row

      June 25, 2025
    • World leaders flock to meet with Trump at NATO Summit

      June 25, 2025

    Categories

    • Business (8,314)
    • Investing (2,072)
    • Politics (15,806)
    • Stocks (3,168)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved