Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Tesco boosts staff pay by a further 7%

by February 24, 2023
February 24, 2023
Tesco boosts staff pay by a further 7%

Britain’s biggest grocer Tesco has agreed to increase its workers’ wages by 7%, marking their third pay rise in just 10 months.

From April, staff will be paid £11.02 an hour outside London, up from £10.30, with more than 200,000 set to benefit.

As in other industries, supermarket staff have been pushing for higher pay as the cost of living rises at its fastest rate in almost four decades.

Other supermarkets including Asda, Aldi and Lidl have also put up wages.

Jason Tarry, chief commercial officer of Tesco UK, said the latest increase recognised the “incredible work and dedication” of Tesco workers.

“We know that many colleagues have felt the pressure of rising costs this year, and we are absolutely committed to supporting them with competitive base pay and exclusive colleague benefits,” he added.

Daniel Adams, national officer at the union Usdaw, which helped broker the deal said it was a “significant step forward for pay within Tesco retail”.

“The business continues to respond positively to the significant pressures our members face,” he said.

Tesco said its latest pay rise represented a 7% increase in base pay, and was its “biggest ever investment” in hourly wages.

Over the past 10 months the retailer has boosted staff pay by some 15.5%, according to Usdaw.

The new rates apply to staff of all ages and exceed the statutory minimum wage, or “national living wage”, which stands at £9.50 an hour and is increasing to £10.42 an hour from April for those aged 23 and over.

The grocer will also pay more than the Living Wage Foundation’s voluntary rate outside London of £10.90, while matching its £11.95 rate in the capital.

It follows similar pay increases at other major supermarkets, many of which are finding it hard to recruit and retain workers.

Earlier this month Asda announced it would raise the pay of 115,000 workers by 10%, taking rates to £11.11 an hour outside London.
In January, Aldi began paying a minimum of £11 an hour at its stores nationally, and £12.45 in London. It also boosted wages at its warehouses by 20% in February.
Lidl has increased entry level pay to £10.90 an hour outside London and £11.95 within the M25.

Tesco’s plans come a month after it announced it would cut 1,750 team manager posts across its larger stores, while closing roles elsewhere.

It said a new tier of 1,800 lower paid shift leader positions would take over running its shop floors.

Read more:
Tesco boosts staff pay by a further 7%

0
FacebookTwitterGoogle +Pinterest
previous post
Calls for UK phone repair apprenticeship to be introduced after specialists struggle to find staff
next post
There is Less Junk Than There Used To Be

You may also like

Gupta’s UK steel business strikes nears deal with...

November 16, 2022

Nigel Farage Threatens NatWest with Legal Action Unless...

February 16, 2024

HMRC Fails to Fine a Single ‘Enabler’ of...

June 16, 2024

HSBC slashes costs by 8% in $1.5bn drive...

February 20, 2025

Deciphering the Polygraph: A Powerful Tool for Truth...

June 16, 2023

Government set to return to Truss’s tough strike...

December 7, 2022

Royal Mail workers to hold 19 days of...

September 28, 2022

Is NewCasinos.com the Best Place to Find Casinos...

May 12, 2025

Questions mount as HBOS scandal victims await delayed...

September 16, 2024

Energy prices predicted to fall by 16% in...

January 22, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Business leaders paralysed by risk warn BDO as caution stifles growth

      June 9, 2025
    • Starmer pledges £1bn investment to supercharge UK tech and AI infrastructure

      June 9, 2025
    • 5 terrifying flashpoints that could ignite global war

      June 9, 2025
    • HMRC inheritance tax investigations surge 37% as treasury seeks to plug revenue gap

      June 9, 2025
    • Believ secures £300m to roll out 30,000 public EV charge points across the UK

      June 9, 2025
    • US and China hold London talks to ease trade war tensions

      June 9, 2025

    Categories

    • Business (8,160)
    • Investing (2,019)
    • Politics (15,572)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved