Retail giant says it will create 750 jobs — but at what cost to others?

SUPERMARKET giant Tesco’s announcement this week that it is expanding its Irish operations — and would create nearly 750 new jobs in the process of investing about €113 million — seemed like a shining light amid all the economic gloom.

Tesco is not just any supermarket retailer but one of the world’s biggest and most profitable: it would be good news seemingly for the country if a company so focused on profit believes Ireland, with high unemployment, rising emigration and depressed incomes, is still a place where it can get a good return on its investment.

Other retailers, such as Aldi and Lidl, have been opening new outlets too, as consumers have shown a willingness to shop around, seeking better value for money wherever possible. At first glance it would seem to be win/win: more jobs and keener prices and greater choice for consumers.