Tesco announce 2% pay increase

Tesco

 

Tesco Ireland have announced a 2% pay increase for all staff which will be backdated to April 2015. A Tesco Ireland spokesperson said “Our business performance has not been what we would want it to be over the last few years with sales declining by -6.3% last year and -5.5% the year before.

Tesco have seen their ranking figures in decline as they continue to compete with SuperValu. They furthered ‘’We are awarding a 2% pay increase to all eligible colleagues backdated from the 1st April 2015. We have taken the decision to make this 2% pay award in recognition of the contribution our colleagues make in helping to serve Ireland’s shoppers a little better every day.’’

The Labour Court also made a recommendation that Tesco Ireland pay a bonus to staff, with the retailer saying it is not feasible at this time.

Source: http://www.checkout.ie/tesco-announces-2-pay-increase-backdated-to-april-2015/25467