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Major UK supermarket chain cuts 7,500 jobs after plunging to £730million debt

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A MAJOR UK supermarket chain has had to cull its workforce by 7,500 jobs after plunging into £730 million debt.

The company has made thousands of cuts over the past year.

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Asda has cut 7,500 jobs to tackle its multi-million pound debts Credit: Getty Images

Asda has revealed that it has axed approximately 7,500 jobs in an effort to tackle its mounting debts.

Last year, the supermarket giant was revealed to have borrowed more than £730 million.

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