Asda to outsource staff to Indian company
6 months, 1 week ago

Asda to outsource staff to Indian company

The Telegraph  

Asda is outsourcing more than a hundred staff to an Indian-based supplier in a move that has raised fears of job cuts, as the supermarket’s private equity owner strives to cut costs. The proposal to shift employees to Mumbai-based Tata Consultancy Services was announced 24 hours before private equity company TDR Capital took majority control of Asda. It achieved this by acquiring Zuber Issa’s 22.5pc stake in Asda, in a move that tightened TDR’s grip on the retailer and saw the billionaire Issa brothers cede control. Nadine Houghton, national officer for the GMB trade union, said: “The outsourcing and offshoring of jobs from Asda’s head office is yet more asset stripping by TDR Capital.

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