But many Asda staff will be spending the period worrying about the what the retailer’s latest round of cost cutting will mean for them in the new year. Thousands more Asda employees risk having their working hours reduced in 2018 as the retailer adopts a no-frills approach to stacking and tidying shelves. More than 800 senior Asda shopfloor staff face pay cut or redundancy Read moreIn a handout given to staff, Asda bosses spelled out the company’s predicament in stark terms: “A proposition based on being the cheapest of the big four [supermarkets] is no longer a viable business model. Now Aldi and Lidl account for £1 in every £8 spent in UK supermarkets. In October, Asda announced that its newish chief executive, Sean Clarke, would be replaced by his deputy, Roger Burnley, in January.

Source: The Guardian December 09, 2017 15:56 UTC