Tesco to invest £180 million in staff pay
Tesco is to increase the hourly pay rate for store staff from £12.02 to £12.45 from 30 March, and again to £12.64 from the end of August.
Representing an above-inflation uplift of 5.2%, the £180 million investment follows the supermarket reaching an agreement with trade union USDAW.
Meanwhile, the London allowance will rise to £1.21, up 7.1%, taking rates from £13.15 per hour to £14.36 per hour for staff in the capital.
The supermarket said the colleague Clubcard discount will now have no cap for colleagues and their second Clubcard holder, replacing the previous £2,000 allowance.
Never Miss a Retail Update!However, Tesco will be removing Sunday premium payments for staff members who still receive them, with eligible colleagues receiving a one-off payment. This will bring Tesco in line with other retailers. Bank Holiday premiums will be retained.
Matthew Barnes, Tesco UK chief executive, said: “Our colleagues are our greatest asset, and this pay deal recognises the brilliant work they put in day-in, day-out to serve our customers.
“It also represents another significant investment in our colleague pay, which combined with our fantastic package of benefits, means Tesco continues to be a place to get on and thrive in a fulfilling and rewarding career.”
