Asda makes big changes: New work rules and job cuts shake up retail giant

British super-market chain Asda changes its work-from-home policy‚ requiring staff to return to offices three days weekly. The company also plans job cuts as part of its re-organization plans

November 5 2024 , 08:28 PM  •  921 views

Asda makes big changes: New work rules and job cuts shake up retail giant

In a major shake-up‚ Asda announced work-policy changes affecting over 5‚000 head-office workers (which includes staff from Leeds and Leicester locations)

Change is never easy and is unsettling‚ but the executive team believe it is necessary to enter 2025 in a stronger position

stated interim CEO Lord Rose in company memo

The super-market chainʼs new rules require staff to work in-office three days per-week starting Jan 2025. This policy shift comes as the company faces market-share issues — dropping from 14.6% to 12.6% since early-2021 when the Issa brothers bought it for £6.8bn

The changes come after Mohsin Issa left his CEO position about two months ago with Lord Rose stepping in as temporary leader. The company aims to fix its problems through several steps:

  • Re-organizing head-office positions
  • Removing duplicate work roles
  • Making office attendance mandatory
  • Matching competitors work policies

A company rep mentioned that these changes will help build better team cooperation; however they dont specify how many jobs will be cut. Meanwhile headhunters are searching for a new permanent CEO — though finding someone willing to take this position has been tough

The retailerʼs offices in Leeds (Asda House and Britannia House) and Leicester (George House) will see these changes first-hand as the company tries to improve its position against other stores like Tesco and Sainsburyʼs