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Thu 06 Jun 2009100,000 jobs to go if rivals follow Tesco's lead, says economist
MORE THAN 100,000 jobs will be lost in the Irish food industry over the next two years if other big retailers follow the example of Tesco by sourcing products directly from the UK, an Oireachtas committee has been told.
Economist Jim Power said that if the practice adopted by Tesco became widespread, he foresaw a “Dell-type situation” every month, with a halving of current employment levels in the sector.
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