Is Asda making people redundant?

In November last year, the company confirmed the redundancy of 475 staff and announced cuts to hybrid working opportunities. The May 2025 quarterly report also showed troubling financial trends, with Asda reporting a near 6 per cent drop in revenue, down to £5 billion for Q1.

Will Asda be making redundancies?

Asda has proposed further redundancies as part of a move to combine managerial roles into newly created positions. While Asda said it is unable to confirm how many people will lose their jobs as a result of the move, it confirmed that conversations with those impacted have begun.

Are Asda in financial trouble?

The UK's third-biggest supermarket dropped £599m into the red in the year to 31 December 2024, before tax payments, down from a £180m profit in 2023, according to accounts for Bellis Finco, the retailer's holding company.

Is Asda losing customers?

The supermarket recorded a 2.6pc fall in sales in the 12 weeks to Aug 10, according to figures from industry tracker Worldpanel. It marks the latest in a series of drops, with Asda's sales having fallen every month since March 2024.

Are Asda getting rid of managers?

Asda is restructuring its store management by combining key leadership roles and axing some positions, claiming the move will help “take out complexity” from the business.

How Do I Make Staff Redundant? UK

How much does an Asda manager earn?

The estimated total pay range for a Store Manager at ASDA is £35K–£62K per year, which includes base salary and additional pay. The average Store Manager base salary at ASDA is £40K per year. The average additional pay is £8K per year, which could include cash bonus, stock, commission, profit sharing or tips.

Is Asda selling up?

This brings the ownership of Asda to 67.5% by TDR Capital, 22.5% by Mohsin Issa, and 10% by Walmart Inc. The transaction is set to complete in Q3 2024. TDR Capital invested in Asda alongside the Issa brothers, and together they took majority ownership of the business in June 2021.

Why are people boycotting Asda?

Asda have been accused of 'spying' on customers after rolling out a new initiative to tackle shoplifting. The major supermarket has faced backlash for using live facial recognition cameras.

Is Asda suffering?

Sales fell 2.6 per cent to £4.22billion over the period, making it the only grocer to see sales plunge, apart from the Co-op which saw a 3.2 per cent drop. Its market share has fallen from 12.7 to 11.8 per cent in the past year, market researcher Worldpanel said.

Is Asda going to put more staff on checkouts in stores?

Asda to put more staff on checkouts in stores. Asda is going to put more staff on checkouts after admitting it has reached a limit with self-service tills. The supermarket said while self-checkouts work well for customers, it wants to invest additional hours into having manned checkouts.

Is Asda getting a pay rise in 2025?

From October 2025, the entry-level hourly rate for Asda store workers will rise from to £12.60 nationally and £13.82 inside the M25. Asda says its benefits include a private GP service, unlimited mental health support and flexible wage services through Wagestream.

What are the weaknesses of Asda?

Heavy Dependence on the UK Market

Lastly, ASDA's excessive reliance on the UK market is a significant weakness. With no substantial international presence, ASDA is vulnerable to domestic economic fluctuations, consumer preference changes, and increased competition from established and emerging players.

Is Walmart buying Asda?

Acquisition by the Issa brothers and TDR Capital

In February 2021, Mohsin Issa, Zuber Issa and TDR Capital acquired Asda, which at the time was valued at £6.8 billion. Walmart retained "an equity investment" in Asda, a seat on the board and "an ongoing commercial relationship".

How to tell if redundancies are coming?

Are Asda good to work for?

Do people recommend working at ASDA? Overall, 53% of employees would recommend working at ASDA to a friend. This is based on 11,718 anonymously submitted reviews on Glassdoor.

What is the turnover rate for Asda staff?

Staff retention has steadily improved since 2002, with less than 20% of its workforce leaving the company each year, the firm announced. Sarah Dickins, Asda's retail people director, told Personnel Today: “We do a lot of work listening to colleagues to see how we can improve the business and respond to that.

Are Asda getting rid of staff?

Asda has already made a series of management changes, including a major round of redundancies announced in March. The supermarket folded the management of its IPL sourcing and logistics division into its central management function.

Who is Asda in debt to?

The group is struggling to service a vast £5.9 billion debt pile, mainly accrued during its buyout by the billionaire Issa brothers and the private-equity firm TDR Capital in 2021. Back then, money was cheap. Now Asda's debt is weighing on performance.

Are Asda closing their pharmacies?

Asda has announced it will close seven of its 254 in-store pharmacies at the start of August. Branches will close in Southampton, Seaham, Feltham, Blackburn, Adel, West Bradford and Weston-Super-Mar.

Is Asda in trouble in the UK?

Industry data published last week showed Asda's sales fell 2.6% over the 12 weeks to August 10 year-on-year, with its market share down 0.9 percentage points to 11.8%. Asda is in danger of being overtaken by discounter Aldi, which was only 1 percentage point behind with a market share of 10.8%.

Is Asda falling apart?

Market share slipped to 11.8%, down from 12.7% a year earlier and well below the 15% recorded in 2021, when the chain was acquired in a debt-fuelled takeover by TDR Capital and the Issa brothers. The latest decline leaves Asda the only major UK supermarket to register falling sales in the period.

Is Asda being sold off?

TDR Capital became the majority owner of Asda towards the end of 2024. Asda is now under the majority control of private equity giant TDR Capital after billionaire Zuber Issa sold his shares in the supermarket giant.

Is Asda doing well financially?

Total revenues at Asda increased 4.8% to £26.8bn during the year, but sales slipped slightly by 0.8% to £21.7bn when excluding fuel. Group like-for-like numbers were down 3.4%, compared with 5.4% growth in 2023.

Is Asda bigger than Aldi?

Aldi overtakes Asda in grocery market share over four weeks. Aldi overtook Asda to be the UK's third biggest supermarket in grocery market share during the last month. Aldi's grocery market share was 9.8% in the four weeks to 18 May, compared with Asda's 9.4%, according to Kantar data seen by The Grocer.

What was Asda called before Asda?

A group of Yorkshire farmers were responsible for writing the first chapter in the history of Asda when they formed Hindell's Dairies in the 1920s. After a successful period which saw them expand and diversify the company was floated in 1949 as Associated Dairies and Farm Stores Ltd.