Thousands of Tesco workers have been warned their jobs are at risk after the troubled supermarket chain announced the names of 43 stores facing closure. Seven superstores and six Homeplus outlets are among the 'unprofitable' shops that will be axed by new chief executive Dave Lewis, which could lead to the loss of 2,000 jobs.

At the same time as closing outlets, Tesco has also cancelled the building or opening of nearly 50 other outlets. The closures are the result of the group's failure to compete with budget rivals Aldi and Lidl, which led to a continuing slump in sales and a succession of profit warnings.  

Mr Lewis, who took over last year, announced the closure plan earlier this month as part of wider measures which he hopes will revive the group's fortunes after a disastrous 2014. The move will dismantle the legacy of former chief executive Sir Terry Leahy, who grew the company exponentially while he was at the helm. 

Courtesy: Daily Mail