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| Asda to create 'up to 12,000 jobs' over five years | Asda to create 'up to 12,000 jobs' over five years |
| (about 1 hour later) | |
| Supermarket giant Asda will create up to 12,000 UK shop posts over the next five years, its US owner Wal-Mart has said. | Supermarket giant Asda will create up to 12,000 UK shop posts over the next five years, its US owner Wal-Mart has said. |
| The strategy of the UK's third-biggest supermarket has the potential to create the posts, Wal-Mart said. | |
| The announcement came after Wal-Mart chief executive Doug McMillon met Prime Minister David Cameron in an Asda at Clapham Junction in London on Monday. | The announcement came after Wal-Mart chief executive Doug McMillon met Prime Minister David Cameron in an Asda at Clapham Junction in London on Monday. |
| Mr Cameron said that the new jobs would "give people financial security". | Mr Cameron said that the new jobs would "give people financial security". |
| "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," Mr Cameron said. | "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," Mr Cameron said. |
| Mr McMillon said: "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." | Mr McMillon said: "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." |
| BBC business editor Kamal Ahmed said: "This is the first time Asda has put a jobs number on its five-year strategy, which it announced last November. The jobs are a cautious estimate and could be higher." | BBC business editor Kamal Ahmed said: "This is the first time Asda has put a jobs number on its five-year strategy, which it announced last November. The jobs are a cautious estimate and could be higher." |
| Asda's five-year strategy announced 40 new conventional superstores, 100 new supermarkets, 150 forecourt shops, 1,000 new click-and-collect points and greater online penetration. | Asda's five-year strategy announced 40 new conventional superstores, 100 new supermarkets, 150 forecourt shops, 1,000 new click-and-collect points and greater online penetration. |