Aldi (2)

Aldi has announced plans to create 5,000 jobs in the UK this year as it opens 80 new stores.

The latest plans will take the German supermarket's British workforce to around 32,000 in 700 stores.

Ruth Doyle, Aldi's regional managing director, said the new jobs would "support our continued expansion and the ongoing performance of our existing stores".

Aldi, along with its sister-store Lidl, have doubled their share of the supermarket industry over the past few years, putting intense pressure on the 'big four' - Tesco, Sainsbury's, Asda and Morrisons. The big four has been forced to dramatically reduce their prices in order to fight off the growing competition from the German supermarkets. But they weren't overly concerned with today's announcement. Tesco's share price rose 1% and Morrisons and Sainsbury's grew by just under 3%.

The supermarket chain is yet to reveal where the new stores would be opened.