?> Tesco plays catch-up with pledge for 20,000 UK jobs - Retail in Asia

Retail in Asia

In People

Tesco plays catch-up with pledge for 20,000 UK jobs

Tesco, the world’s third biggest retailer, plans to take on 20,000 new staff in the UK as it battles to regain ground lost to rivals in its main market after a shock post-Christmas profit warning.

The supermarket group, which runs around 5,400 stores in 14 countries, also said on Monday it had raised THB18.4 billion (USD597.9 million) from listing a property fund in Thailand, providing funds for expansion in the fast-growing Asian market.

UK Prime Minister David Cameron hailed the recruitment drive by Tesco, UK’s biggest private sector employer, as "a massive confidence boost for the UK economy."