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Tesco staff set for savings payout
Over 50,000 employees at Tesco are set to celebrate a £126m payout from the retailer as part of its save-as-you-earn schemes.
All of the staff due to receive the windfall have saved between £5 and £50 from their salaries for the past three or five years.
The strong returns mirror Tesco’s growth in share price over the past five years.
Tesco said about 8,000 staff members who have been putting away the maximum amount will be given a handout of about £5,600.
Retail director David Potts said the firm’s employees enrolled in the scheme will gain more than they would have done via a standard savings account with a bank.
He commented: “Tesco’s save-as-you-earn scheme has yet again proved it really delivers.
“Despite the fact that they have good jobs, our staff are not immune to rising household costs and financial worries.”
Topics: Tesco |
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