Tesco to close 13 loss-making stores in Poland and cut 2200 jobs | Progresiv
British supermarket chain Tesco confirmed that it plans to close 13 loss-making stores in Poland and liquidate up to 2,200 workplaces. The company has informed employees, trade unions, and relevant labor offices about the plan, Tesco press-service said. 
The reason for closing branches is that they cause losses. Liquidation of unprofitable stores is a permanent feature of business processes in a trading company. This has been the case in recent years and will continue to work – cited Martin Behan, CEO of Tesco Polish in the company’s press release.
The number of Tesco stores in Poland is gradually declining. After the closing of these 13 outlets, 383 of them would remain in the chain. In late February 2018, there were 415 Tesco stores in Poland and 429 a year before.
The company also announced "accelerate the implementation of business plans" – by which it wants to lower operating costs and increases competitiveness. These include "work on the product range and the main products for customers", "better price offer" or "better availability and display of products". Changes in this area are already being implemented.
According to the Tesco reports for the 2017/18 financial year, ending February 24 this year, sales in Poland (including gas stations in stores) will reach 2.47 billion euros, while last year sales amounted to 2.52 billion euros. In the 2017/18 fiscal year, sales in Central Europe (Poland, Czech Republic, Slovakia, Hungary) increased by 0.3%. (www.wbj.pl)
