Tesco: More layoffs coming

History

Tesco will close its six units offering optician and photography services, which will in turn cause the layoff of two dozen employees, Hungarian daily Magyar Nemzet Online reported today.

The closure of the units is expected to be completed by mid-March of this year.

Earlier Tesco announced it would close 13 of its units, thereby causing the redundancy of approximately 500 employees. It did promise, however to provide generous severance pay packages to the terminated employees.

In response to Tesco's accusations, the Hungarian government responded by saying that closures of the aforementioned units are not the fault of the government, but Tesco's "agressive expansion policy" and recent problems encountered by the hypermarket giant in the United Kingdom.

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