Tesco is reorganising its management in Central Europe.
The British retailer has already axed its chief executive officer in Poland.
The struggling UK grocery leader is currently working to establish one team to oversee four markets in Europe, including Poland, the Czech Republic, Slovakia and Hungary, a Tesco spokesman said.
'These changes are strengthening the organisation and makes it possible for us to provide higher-quality services to our clients,' the company wrote in a statement.
Calling the transformation a "period of substantial change", newly appointed CEO of Tesco Central Europe David Morris (pictured) said in a video statement (see below) published on YouTube that Tesco will still have offices, but they are going to be smaller.
“Sadly, that will mean some very talented and very capable people who’ve delivered a lot to Tesco over the years will be leaving us,” Morris said. The manager who until now led Tesco Czech Republic added that decreasing revenues and increasing costs of the central headquarters operations led to a drop in profits.
As one of the first moves following the creation of Tesco Europe, Tesco Polska has dismissed Ryszard Tomaszewski as CEO of the company after nine years in the position, CIJ Journal reported.
© 2015 European Supermarket Magazine – your source for the latest retail news. Article written by László Juhász.