Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Tesco Set To Reduce Opening Hours Across Hundreds Of Stores

17th Mar 2020 18:32

(Alliance News) - Tesco PLC is set to reduce the hours for hundreds of stores from Tuesday night as it copes with the fallout from the coronavirus pandemic, the PA news agency understands.

Bosses at the UK's biggest supermarket have decided to close all 24-hour stores at 2200 GMT, reopening at 0600 GMT on Wednesday morning.

They will continue to open between 0600 GMT and 2200 GMT for the immediate future, it is understood.

Staff in stores were informed on Tuesday afternoon and it was not immediately clear whether those who will see shifts cut will also see a cut in pay during the uncertain times.

Tesco declined to comment.

Details are being updated online with new store opening times, and it is believed some larger 24-hour stores that have pharmacies will remain open beyond 2200 GMT.

The decision comes as the government announced a business rates holiday for all retailers and the leisure industry.

Earlier on Tuesday, WM Morrison Supermarkets PLC revealed a series of packages to protect staff and announce an expansion of its online operations – including 3,500 new jobs.

Supermarkets have seen a surge in shoppers stocking up on essentials, and said supply chains are working well. However, there have been reports of abuse aimed at staff.

source: PA

Copyright 2020 Alliance News Limited. All Rights Reserved.


Related Shares:

Tesco
FTSE 100 Latest
Value8,678.97
Change-26.26