has announced more than 200 job cuts following a troubled IT upgrade as the supermarket giant continues to battle cost cutting. The employees were let go without consultation as part of the under co-founder Mohsin Issa. Asda is trying to create its own technology system so it no longer relies on its former owner, Walmart, which prompted the creation of "Project Future".

The three-year effort was backed by Mr Issa and involved hundreds of employees, but has faced significant hurdles and had its deadline pushed back. This marks t in five months and comes after the retailer's worst Christmas period in 2015, which resulted in the sacking of 13 regional managers.

Allan Leighton, the chairman who presided over these redundancies, also axed staff bonuses for 10,000 people.

In November, without consultation, prompting union chiefs to threaten discrimination claims. There is so indication that Asda has broken the law.

The supermarket chain's market share has also fallen from 13.7% to 12.6% over the past year, unlike its rivals Tesco and Sainsbury's which have both seen growth.

Recent figures from Kantar showed Asda sales decreased by 5% in the month leading up to February 23, when compared with the same period in 2024, making it the only major supermarket to experience a sales decline in February.

An Asda spokesperson said: "The majority of our operations have successfully transitioned to new systems as part of Project Future.

"For many teams the work is done and so it is natural that colleagues leave the project as the specific workstreams they are working on are completed or as their contracts finish."

"For many teams the work is done and so it is natural that colleagues leave the project as the specific workstreams they are working on are completed or as their contracts finish."

Read more
V-Guard launches AirWiz Series: A new era of stylish, robust and energy-efficient BLDC fans begins
Khelja
Red alert issued in Kannur, Kasaragod, Wayanad and Kozhikode districts
Khelja
Now sending money from Singapore to India is easy, 13 more banks joined UPI-PayNow service; See list
India-employmentnews
Big EPFO Reform Coming Soon: Government May Allow Full PF Withdrawal Every 10 Years
India-employmentnews
Filing ITR-3 for AY 2025-26? Here Are 7 Major Changes You Need to Know
India-employmentnews
Govt Offers ₹66,000 Internship Support to Educated Unemployed Youth: Know Eligibility and How to Apply
India-employmentnews
Filing a False ITR Can Cost You Heavily: 200% Penalty, Jail Time & Interest — Avoid These Costly Mistakes
India-employmentnews
PM Dhan-Dhanya Krishi Yojana 2025: Major Boost for Small Farmers as ₹1.37 Lakh Crore Scheme Gets Cabinet Nod Soon
India-employmentnews
Big GST Reform on the Horizon: 12% Tax Slab Likely to Be Scrapped — Here's What It Means for You
India-employmentnews
PM-KISAN 20th Installment Likely on July 18: ₹2000 to Be Transferred to Farmers’ Bank Accounts via DBT
India-employmentnews