Asda workers and lifesize cutout of boss Manjit Dale will hold photocall at Clapham Asda store over asset stripping

Members of staff at Asda will demonstrate outside the store over asset stripping by billionaire owners, TDR Capital

Dozens of ASDA workers and a life-size cut out of ASDA boss Manjit Dale will all be outside Clapham ASDA store to demonstrate their anger over the asset stripping of the supermarket.

Where: ASDA Clapham Superstore, 204 Lavender Hill, SW11 1JG

When: Tuesday 30 July, 12 noon

Under TDR Capital, Asda’s private equity owners, millions of hours have been slashed from the shop floor as the company desperately tries to service its debt mountain.

Leading to health and safety issues, dirty stores and declining standards.

In Asda Clapham alone, GMB estimates approximately 7 per cent of the hours in the store have been cut in the past two years.

ASDA’s shop floor workers – who are predominantly women – are also owed billions of pounds in back pay through their equal pay claim.

In the Clapham store this amounts to £1.8 million owed to current and previous ASDA workers.

Nadine Houghton, GMB National Officer said:

“This is daylight robbery of a much-loved British institution with Asda workers and customers paying the price for TDR Capital’s financial engineering.

“TDR Capital are behaving like robber barons and fast becoming the unacceptable face of UK capitalism.

“GMB will not stand by while Asda workers are forced to do more work with less hours and declining health and safety standards.

“The billions of pounds owed to these workers through their equal pay claim grows by the second too.

“Figures released by GMB today show the impact that cutting hours is having to your local Asda and how much the workers in your store are owed through their equal pay claim.”