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.”