Supermarket Asda to consult on up to 2,500 job losses

British supermarket Asda , which is subject to a proposed takeover by rival Sainsbury's , is to start consulting with staff over the potential loss of up to 2,500 jobs next year, the Press Association reported on Friday, citing sources.

When asked about the report, Asda, which is owned by U.S. giant Walmart, said: "In a competitive retail market ... we must always look at how we can work more quickly and efficiently for them (customers) – and inevitably, that means we need to consider changing the roles we need our colleagues to do or the hours needed in particular parts of our stores."