THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Omnichannel Futures 2025
Retail HR Central 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Tesco staff to share £30 million windfall through maturing share schemes

Tesco staff are set to receive a bumper pay out after the strong performance of the supermarket’s Save as You Earn colleague share schemes. More than… View Article

FOOD AND DRINK NEWS UK

Tesco staff to share £30 million windfall through maturing share schemes

Tesco staff are set to receive a bumper pay out after the strong performance of the supermarket’s Save as You Earn colleague share schemes.

More than 20,000  employees, who are mainly working on the shopfloor or in distribution centres, will share in a windfall profit of more than £30 million now that the schemes have matured.

The windfall is due to the strong growth of the Tesco share price which was £3.06 earlier this week. Staff who joined the scheme can buy shares at a discounted price of  £1.88 or £1.98 and keep them or sell them and make a profit.

A total of 52,000 colleagues participate in the schemes.

Emma Taylor, Tesco chief people officer, said: “It’s great news that more than 20,000 colleagues will benefit this year from our share schemes.

“Colleagues tell us they like this way of saving every month – and when Tesco performs well, they share in a multi-million pound payout or can keep shares bought at a discounted rate.

“This year the schemes’ success is rewarding our colleagues with thousands of pounds in profit, helping to boost their savings for everything from holidays to house renovations.”

Subscribe For Retail News