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Thousands of Tesco Staff in Line for £5000 Pay Out
More than 22,000 UK Tesco employees will share £134 million from discounted share schemes as Tesco’s stock rose nearly 25% in the past year, boosting average profits to £5,000–£8,000.
- A company statement noted more than 22,000 Tesco staff could receive payouts from a £134 million windfall this year.
- Shares have risen by almost 25% over the past year, and multiple three-year and five-year save-as-you-earn schemes are maturing this year, triggering payouts.
- Employees who invested about £91 a month in Tesco’s three-year scheme made £5,346, and those investing £94 a month in the five-year scheme earned £8,004.
- Emma Taylor, Tesco chief people officer, said `Our people are at the heart of everything we do and when we succeed, we want our colleagues to share in that success.` The company employs more than 300,000 people and runs one of the country’s largest save-as-you-earn schemes.
- The scheme lets employees buy discounted shares through save-as-you-earn schemes, with employee choices to hold or sell shares this year to maximise gains.
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27 Articles
The IndependentReposted by 
The Independent (US)
The Independent (US)Thousands of Tesco staff to receive share of huge £134 million windfall
22,000 Tesco staff eligible for significant payouts, the retailer says
·London, United Kingdom
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Coverage Details
Total News Sources27
Leaning Left3Leaning Right2Center19Last UpdatedBias Distribution79% Center
Bias Distribution
- 79% of the sources are Center
79% Center
13%
C 79%
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