The new boss of Tesco is set to slash thousands more jobs in a bid to turn around the fortunes of the U.K.'s largest supermarket chain.
Dave Lewis, new chief executive, has been in charge for a little over four months, and is expected to swing the ax once again with more job losses. The Sunday Telegraph reported that jobs will be cut from Tesco's head offices and 43 stores that are set to close as part of the supermarket's cost-cutting plan.
There will also be the removal of an entire layer of management from stores, the report added. Those in the middle managements roles affected – who are between the store manager and shop assistants - will be offered alternative positions, according to the U.K. newspaper. The Sunday Telegraph stated that total losses could reach 10,000, but the Financial Times and The Guardian had more conservative layoff estimates.