Asda to shed 150 headquarters roles

Asda plans to cut 150 roles across its Leeds head office as part of efforts to reduce costs and support its turnaround plan. The Grocer said all functions at Asda House would be affected, including senior buying manager posts after a commercial team restructure. Asda said the changes would create larger roles, simplify teams and improve decision-making, after annual losses neared GBP1 billion amid debt costs, falling sales and price investment. (The Grocer)