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Report: UK's Asda to shed hundreds of workers

Asda Stores Ltd., Wal-Mart Stores Inc..'s U.K.-based supermarket retailer, might shed hundreds of jobs or make major reductions in hours as part of its plan to cut costs, Retail Gazette reported on Aug. 10.

The U.K. retailer reportedly started a three-week consultation period with 3,257 workers across 18 of its underperforming stores that is expected to result in hundreds of layoffs.

Asda reportedly is also trying to negotiate with workers at 59 other stores about working in different departments when required.

U.K.-based trade union GMB reportedly confirmed the move and told Retail Gazette that Asda staff contacted it and were "fearing for their jobs."

A company spokesman reportedly said Asda recognizes such changes could be "unsettling," but its priority was to find "alternative roles or working patterns" for affected employees.