Overview

• Tesco faces a £235m increase in employer National Insurance contributions and other staffing costs from Rachel Reeves’s April tax changes.
• It is trialling earlier 10pm closures at underperforming Express outlets dubbed 'Express Lite' to enhance operational efficiency.
• Employees have been assured of no redundancies during the trial, although some staff may be redeployed to other stores.
• Union Usdaw has raised concerns about low staffing levels and the effects of transfers on members’ travel and shift patterns.
• The company is targeting £500m in overhead cuts and trialling self-service 'VAR-style' checkouts alongside potential barcode system updates.