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Over 2,000 Tesco jobs at risk in cost-cutting overhaul plan

  Bloomberg Tesco Plc is eliminating hundreds of manager roles across its stores and closing all remaining food counters and hot delis as the UK’s biggest supermarket operator seeks to cut costs. The grocer is introducing shift leader roles into its larger stores, allowing it to cull 1,750 other management positions. Tesco said it will also shut its food counters ...

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Air New Zealand tries to recover 9,000 travellers stranded by floods

  Bloomberg Air New Zealand Ltd. is attempting one of its biggest-ever passenger recoveries, trying to rebook some 9,000 travellers stranded around the world or stuck at home, unable to fly due to floods in Auckland. With spare capacity on airlines already limited, the task has turned into a complex logistical puzzle for the New Zealand carrier. Some passengers are ...

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Appliance maker Whirlpool sees profitability as material costs ease

  Bloomberg Whirlpool Corp. said it expects easing raw material costs to provide relief to profitability in 2023, even as economic activity loses steam. The shares rose in late trading. The company expects inflation for inputs such as steel and resins to moderate, which, combined with a cost-cutting initiative, should lower expenses by $800 million to $900 million, Whirlpool said ...

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