British supermarket chain Tesco is cutting about 4,500 jobs from its Metro store...
However, the whole industry has remained under pressure from German challengers Aldi and Lidl, prompting Tesco to review logistics in an effort to find efficiency savings and maximize profit growth.
The Metro job cuts, however, are another blow to a sector that has been hammered in recent years by the rapid growth of online shopping and a sluggish economy, forcing many brands to axe stores or go out of business altogether. Tesco also said it would reduce opening hours in 134 of its 1,750 Express convenience stores and streamline stock-handling procedures in some of its larger stores.
FILE PHOTO: Shopping trolleys are seen at a Tesco supermarket in central London, December 9, 2014. REUTERS/Toby Melville/File Photo
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