Survey: Two thirds of Tesco’s suppliers fear they will be forced to cut jobs

ABOUT two thirds of Tesco’s Irish suppliers strongly believe they will have to let staff go because of the new non-Irish product-lead drive taken by the supermarket giant.

Tesco Ireland has committed itself to using its British parent company’s special offer cycles and products and that has meant a dramatic downturn in the amount of Irish products it is willing to sell in bulk.

The company has made the move because it believes it is losing a huge volume of sales to its competitors in the North due to the weaker value of sterling.