Tesco could scrap workers' DB scheme as it closes stores and suspends dividend
Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it suspend its dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.
Tesco said it is also consulting of the closure of its defined benefit pension scheme for employees. The scheme is running at a deficit of £2.6bn, according to reports. The retailer wants to save...
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