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Thursday, July 18, 2024

Tesco staff to share £30 million share windfall

More than 20,000 Tesco workers are set to share a £30 million windfall through its strong performing share schemes.

Staff who joined the supermarket’s Save as You Earn colleague share schemes were able to buy shares at a discounted rate of just £1.88 or £1.98 each and either keep them for the longer term or sell them and make a profit on each share.

Those who invested the maximum £500 a month into the share savings schemes stand to make a personal profit of almost £10,000 from the three-year programme and nearly £20,000 from the five-year scheme, if they opt to sell.

The majority of those employees work on Tesco’s shop floor or in distribution centres.

Emma Taylor, Tesco Chief People Officer, said: “It’s great news…this is just one of the many benefits available to our colleagues, and the strong performance of the schemes this year is a reflection of their hard work and the brilliant job that they do serving our customers every day.

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