Asda plans to double food jobs if Netto takeover is approved
Following the announcement in May 2010 that Asda is to buy Netto's UK operations in a deal reported to be worth around £778, the company is now awaiting approval from the Office of Fair Trading (OFT) in order to go ahead with the takeover.
Whilst waiting for OFT approval to take over all 193 Netto stores- expected to be delivered by the end of September - Asda has already submitted planning applications for the conversion of several of Netto's outlets into smaller Asda stores.
Asda is currently missing out on the 'small stores' market, only having around 10 to 15 smaller supermarkets in the UK. The company is hoping to significantly expand into this market.
Speaking of the deal, an Asda spokesperson has explained the company's goals for the new small stores, if OFT approval comes through. First on the agenda is the creation of new food jobs:
Whilst waiting for OFT approval to take over all 193 Netto stores- expected to be delivered by the end of September - Asda has already submitted planning applications for the conversion of several of Netto's outlets into smaller Asda stores.
Asda is currently missing out on the 'small stores' market, only having around 10 to 15 smaller supermarkets in the UK. The company is hoping to significantly expand into this market.
Speaking of the deal, an Asda spokesperson has explained the company's goals for the new small stores, if OFT approval comes through. First on the agenda is the creation of new food jobs:
"What I can say is that at a store level, we have a good track record of growing the number of colleagues (staff) in smaller stores we have already acquired from the Co-op and we see no reason why that wouldn't be the case in this instance.
"We anticipate we'll create up to twice as many jobs in each store converted to an Asda."
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