Tesco 9.5% pay rise

[49erman]

Even Tesco realise the value of their workers 9.5% pay rise and we’re offered 2%
https://apple.news/A6K6Pu4A0TJKFGIJXYbLx5g

[postie73]

Royal Mail doesn't value its employees though.
Hasn't done in decades.

[clashcityrocker]

Tesco reported retail adjusted operating profit of 2.65 billion pounds ($3.45 billion) for the year to Feb. 28, up 36% and in line with guidance. It sees profit of between 2.4 billion pounds and 2.6 billion pounds for 2022-23.

[hans solo]

Get the dates out Cwu

[ssdd]

Every little helps...

[daveyeff]

Tesco reported retail adjusted operating profit of 2.65 billion pounds ($3.45 billion) for the year to Feb. 28, up 36% and in line with guidance. It sees profit of between 2.4 billion pounds and 2.6 billion pounds for 2022-23.

and still they increase their prices on everything. pure greed.

[BigSacks]

That’s only the clubcard pay rise.

If you don’t have one you get shafted.

[k979aaa]

Nothing wrong with that but you have to question why our dictators in the boardroom deem it fit to impose 2% and demand impose change? This can and will only lead to conflict by strike action or otherwise, The otherwise is disengagement once you go down this path anything you say as a business is not taken well especially f***ing peoples lives up just be cause you can!

[Ali831]

General staff in stores are going from £9.55 an hour to £10.10 so dont get too excited

[daveyeff]

That's still 22 quid a week rise for 40 hours though.

[rambo1]

Tesco reported retail adjusted operating profit of 2.65 billion pounds ($3.45 billion) for the year to Feb. 28, up 36% and in line with guidance. It sees profit of between 2.4 billion pounds and 2.6 billion pounds for 2022-23.

and still they increase their prices on everything. pure greed.

That's to pay for the pay rise and the extra money everything is costing them too. That's how a price wage spiral works. In the end nobody is actually better off. Get paid 8% more, shopping costs 8% more. Meanwhile people that aren't getting 8% more disposable income are 8% worse off.

[k979aaa]

Tesco reported retail adjusted operating profit of 2.65 billion pounds ($3.45 billion) for the year to Feb. 28, up 36% and in line with guidance. It sees profit of between 2.4 billion pounds and 2.6 billion pounds for 2022-23.

and still they increase their prices on everything. pure greed.

That's to pay for the pay rise and the extra money everything is costing them too. That's how a price wage spiral works. In the end nobody is actually better off. Get paid 8% more, shopping costs 8% more. Meanwhile people that aren't getting 8% more disposable income are 8% worse off.

Would that help them grow some balls and strike to gain what others and the few at the top getting 20% plus and bonuses on top and probably claim their income has not kept pace with inflation even on millions of £ pounds. But that is what you get with investment capitalists and people from the university of Oxford and who are deaf to the concerns of ordinary people!

[97gaz]

General staff in stores are going from £9.55 an hour to £10.10 so dont get too excited

Yep. So still only 5%. Factor in inflation and it probably works out at 10% wage cut in real terms.

[k979aaa]

General staff in stores are going from £9.55 an hour to £10.10 so dont get too excited

Yep. So still only 5%. Factor in inflation and it probably works out at 10% wage cut in real terms.

5% is more than 2% so go factor that in for us all.