Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Tesco staff to receive record shares payout

Staff at Tesco will be rewarded today with their share of a £105m bonus pot in the grocery giant’s biggest ever shares scheme.

The ‘Shares In Success’ scheme will reward over 216,000 Tesco staff across the business after the retailer hit profits of £3.5bn for its full year.

This comes on top of £24m worth of pay and bonuses for Tesco’s executive management.

Staff who have held shares in Tesco’s share reward scheme since 2005 will also be eligible to sell £39m of shares that there were awarded tax free five years ago.

Tesco non-executive chairman David Reid said: “We’ve had Tesco’s best ever year in a really challenging economic climate and that success is down to the hard work and skill of the whole Tesco team. At home and abroad, they’ve helped build a great business by doing what we do best, delivering for customers. I am delighted that once again all staff are sharing in this success.”

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.