Asda bosses have confirmed that 475 jobs are to be cut at its head offices in Lutterworth and Leeds.
The supermarket is also clamping down on hybrid working, requiring staff at its offices to return to office work for a minimum of three days per week.
Chairman, Lord Stuart Rose, in a message to staff said: “We have to recognise that the market is challenging and the competition isn’t standing still.” He added: “Change is never easy and is unsettling, but the Executive Team believe it is necessary to enter 2025 in a stronger position, fully focused on serving our customers, delivering our ambitions and driving long-term growth.”
A 2.2% drop in its revenues to £5.3 billion was reported from April to June 2024.
Lord Rose also said: “As part of this process, we are redefining roles and accountabilities to remove duplication and simplify structures. We need colleagues to be more empowered in their decision making as we deliver for customers.
“To drive these priorities and to bring us closer to our stores and depots, we are delivering: Fewer, bigger roles, clear accountabilities and ownership, simplified ways of working, using our new technology and effective processes and cross-functional touch points.”
The company announced plans to refresh Asda House to improve the working conditions on offer.
Following completion of the sale of his stake in Asda, Zuber Issa has stepped down from his non-executive role on Asda’s board Asda’s board now comprises Lord Rose, Alison Carnwath, Mohsin Issa, Rob Hattrell, Gary Lindsay and Courtney Naudo.
