Overview
- More than 150 roles have been placed at risk, including over 80 managers and dozens of warehouse and delivery staff, with redundancy consultations under way.
- Asda proposes outsourcing some parcel operations to Evri to offer next-day collection and returns at 1,200 locations.
- The retailer plans to reorganize its transport network into eight regional hubs coordinated by regional offices, with no depot closures expected.
- The actions follow Christmas trading in which sales fell 4.2% in the 12 weeks to December 28 and market share dropped to 11.4%, the only decline among major supermarkets.
- Financial strain persists, with a €1.3bn parent term loan trading at about 88 cents on the euro and Fitch having downgraded the business deeper into junk last year.