Member Article

Yorkshire-based ASDA announces 12,000 UK jobs

Leeds-based retailer Asda has announced today a five year strategy which has the potential to create up to 12,000 new jobs in parts of the country where the firm does not currently have stores.

This was announced at a meeting between Doug McMillon, president and CEO of Walmart and PM David Cameron at Asda’s Clapham Junction store in London.

Mr McMillon, who recently took on his new role at Walmart, is in the UK as the retailer prepares to hold its first ever Board meeting in the UK.

Following the visit, Mr McMillon, who until recently oversaw Walmart’s international operations said:“It has been a pleasure to meet with the Prime Minister today and reaffirm Walmart’s commitment to investing in the UK.

“We know that the UK is a great place to do business and since Walmart acquired Asda 15 years ago we have been able to invest £8bn in the UK economy – creating over 100,000 jobs, opening 342 new Asda stores and bringing lower prices to millions of customers.

“A seismic shift in the structure of the retail market is underway – not just in the UK – but right across the world. Asda recognised the change in its market and took early action to develop and implement a strategy that will see it grow – creating more new jobs and bringing real value to more customers in the UK.”

Prime Minister David Cameron said: “Supporting business, creating jobs and cutting taxes are all part of our long-term economic plan.

“Yesterday, our tax reforms cut income tax for 26 million people and will help businesses to create jobs.

“I am delighted that Asda is continuing to invest heavily in the UK, creating another 12,000 jobs that will give people financial security for the future.”

This was posted in Bdaily's Members' News section by Clare Burnett .