Asda's proposed closure of its Stepney Green store at Anchor Retail Park is due to an unviable rent increase. The current lease ends in September. Approximately 50 employees will be affected, with hopes for redeployment to nearby stores. The GMB Union emphasizes the impact on long-term staff and the community, stressing job security. Asda aims to support colleagues through consulting on the closures and exploring all options to retain jobs. Customers are also expected to be disappointed by the store's closure.
This is devastating news for the shop staff, many of whom have worked for Asda for years. It will also be a blow to the wider community who have used this store since its opening in 2016.
Around 50 employees will be impacted by this closure and "all possible avenues" to retain these colleagues within the business will be explored.
The lease on the premises is due to expire in September, and unfortunately, the new terms proposed by the landlord include a significant rent increase, which would make the store financially unviable.
Our priority throughout this process is to support our colleagues, and wherever possible, we will look to redeploy them to other roles within Asda.
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