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07/04/2014
Asda To Create 12,000 Jobs Over Five Years
Asda is to create up to 12,000 jobs over the next five years.
Doug McMillon, President and CEO of Walmart, made the announcement with the Rt. Hon. David Cameron MP at Asda's Clapham Junction store in London.
Mr McMillon showed Mr Cameron around the London store, which is one of 577 Asda stores in the UK. Asda became part of the Walmart family, which operates over 11,000 stores globally and employs 2.1 million people, in 1999.
Following the visit, Mr McMillon, who until recently oversaw Walmart's international operations said: "It has been a pleasure to meet with the Prime Minister today and reaffirm Walmart's commitment to investing in the UK.
"We know that the UK is a great place to do business and since Walmart acquired Asda 15 years ago we have been able to invest £8bn in the UK economy – creating over 100,000 jobs, opening 342 new Asda stores and bringing lower prices to millions of customers.
"A seismic shift in the structure of the retail market is underway – not just in the UK – but right across the world. Asda recognised the change in its market and took early action to develop and implement a strategy that will see it grow – creating more new jobs and bringing real value to more customers in the UK."
Asda's five year strategy has the potential to create up to 12,000 new jobs in parts of the country where Asda does not currently have stores.
Mr Cameron said: "Supporting business, creating jobs and cutting taxes are all part of our long-term economic plan. Yesterday, our tax reforms cut income tax for 26 million people and will help businesses to create jobs.
"I am delighted that Asda is continuing to invest heavily in the UK, creating another 12,000 jobs that will give people financial security for the future."
(CD)
Doug McMillon, President and CEO of Walmart, made the announcement with the Rt. Hon. David Cameron MP at Asda's Clapham Junction store in London.
Mr McMillon showed Mr Cameron around the London store, which is one of 577 Asda stores in the UK. Asda became part of the Walmart family, which operates over 11,000 stores globally and employs 2.1 million people, in 1999.
Following the visit, Mr McMillon, who until recently oversaw Walmart's international operations said: "It has been a pleasure to meet with the Prime Minister today and reaffirm Walmart's commitment to investing in the UK.
"We know that the UK is a great place to do business and since Walmart acquired Asda 15 years ago we have been able to invest £8bn in the UK economy – creating over 100,000 jobs, opening 342 new Asda stores and bringing lower prices to millions of customers.
"A seismic shift in the structure of the retail market is underway – not just in the UK – but right across the world. Asda recognised the change in its market and took early action to develop and implement a strategy that will see it grow – creating more new jobs and bringing real value to more customers in the UK."
Asda's five year strategy has the potential to create up to 12,000 new jobs in parts of the country where Asda does not currently have stores.
Mr Cameron said: "Supporting business, creating jobs and cutting taxes are all part of our long-term economic plan. Yesterday, our tax reforms cut income tax for 26 million people and will help businesses to create jobs.
"I am delighted that Asda is continuing to invest heavily in the UK, creating another 12,000 jobs that will give people financial security for the future."
(CD)
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Asda is to create 2,500 new jobs as it continues to invest in its growing multichannel business. It added that £700m would be spent on new and existing stores in the UK and its supply chain, with its website also benefiting from the investment. The news comes after the retailer confirmed a 4.5% increase in its total sales, to £22.8bn in 2012.
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Asda staff vote for strike
Thousands of staff working in distribution depots for supermarket chain Asda have voted in favour of strike action by 3 to 1, the GMB union has announced.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
