Up to 70 redundancies on the cards as Tesco enters talks with managers

Up to 70 voluntary redundancies could be on the cards for Tesco’s Irish staff.

Tesco has said the review of its staff levels in Ireland is unrelated to the accounting scandal that has plagued the company this week, prompting it to bring in its new chief financial officer, Alan Stewart, two months earlier than planned.

The British retailer admitted earlier this week that it had begun a probe into its accounting practices when it was revealed it had over-stated its profit guidance by about €317m for the first half of the year.