Tesco to invest over £200 million in pay
Tesco is to increase hourly pay for staff in stores and online fulfilment centres to £13.28 an hour.
The news follows the supermarket reaching an agreement with trade union Usdaw.
Subscribe to TRBMarking a total investment of over £200 million, the 5.1% pay award sits above the current rate of inflation. Tesco said it also represents a pay increase of 43% over the last five years for its hourly-paid staff.
As part of the deal, the London Location Allowance will also increase from £1.21 to £1.27, equating to an hourly rate of £14.55 for colleagues within the M25.
Ashwin Prasad, Tesco UK chief executive, said: “Our colleagues play a vital role in delivering for our customers every single day.
“I’m pleased we’re able to announce this pay deal which reflects our deep appreciation for everything they do and represents another meaningful investment in colleague pay.
“Together with our comprehensive benefits package, it reinforces Tesco as a place where people can build a rewarding, long‑term career and continue to grow and thrive.”
Earlier this month, M&S announced that it was to invest £70 million in colleague pay with UK retail staff receiving a 6.4% increase from 1 April.
