Supermarket says 85% of workers will be better off,but terms and conditions remain behind those of Sainsbury’s, Aldi and LidlNearly a quarter of a million Tesco store staff will receive a 3.1% increase in basic pay this year under a new deal that will also mean cuts to holiday and night-time bonuses. In a similar dart, or as businesses try to offset costs ahead of the introduction of the national living wage in April,retailer Wilko is considering cutting Sunday, holiday and overtime bonuses for staff.
Established staff at Tesco will acquire £7.62 an hour from July, and in anticipation of the £7.20 minimum wage for over-25s introduced by the chancellor,George Osborne, but still less than the living wage calculated by independent campaigners.
Related: Tesco to shorten opening hours at almost a quarter of 24-hour stores Related: Tesco delayed payments to suppliers to boost profits, and watchdog finds Continue reading...
Source: theguardian.com