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Gazzle
Same here, got two on the go already, am a little ambivalent about this one.. will it continue to rise and make a bit of cash, or will it just be an exercise in putting money into an electronic piggy bank for the next three or five years?
Got a couple of weeks to make my mind up I guess.
Bit higher than previous years but it was always going to be after the recent increases. It's calculated by putting a 20% discount on the vwap (average price in laymen's terms) over the last 20 trading days, or something to that effect.
At worst you just get your savings back after three or five years, which is always a useful little aside, but not sure this will be one to make mega bucks on like a few in years gone by. As ever just my opinion.
We got our 2.2% first offer on the table and as usdaw don’t give us the chance to vote on our pay rise that’s that!.. where as the depots our covered by the unite union , Tesco did crow that were paid 5p above the real living wage , I did reply to my manager I will skip to the milk section and get my 4 pints of milk with that “chuckle”
So with inflation running at 4.8 we’ve had a pay cut, also we’re paid less than Morrison’s shop floor staff by about 40p now,
Gunner22, you never noted that HGV drivers like myself were only offered the same pay reward as we are tied into the same wage negotiations. People think hgv drivers are all getting fabulous money now but not at Tesco take it from me, without masses of overtime the money is not good at all:-(
Dont forget if shop staff didnt empty the trucks at the shops and put the stock out Tesco wouldnt have a business are the shop workers getting a pay rise
This is a vicious circle once one set of workers want a pay rise it becomes a knock on affect around a business
Hi Gunner22, I am totally up for everybody getting the pay reward increases that they deserve and hope for all of us that this gets sorted quickly. You guys have been keeping the business on the up over theses very difficult times so here is to a positive outcome.
Gunner I guess that's not unusual. Workers wanting more pay and TSCO trying to protect their margins. The job vacancies out there make it advantageous to the worker so no doubt a solution will be found before distribution is hit. Employees Pensions are linked to sp performance so some long term workers will have to look at the bigger picture too.
I work for Tesco in a Distribution Centre and 3 mths ago Tesco offered a £0.22p ph wage increase to the workers that was rejected by 97% of the workers in 6 DC's, Tesco came back with £0.37p offer which was again rejected, so now its went to industrial action, so that 6 depos, Tesco could be hit with supply issues in the next coming mths, just saying.....
Having just read through Tesco Share News above it does seem that we are in a strong position within the sector and was wondering if we can take market share going ahead pre Christmas if we can maintain our supply chains. It was interesting to read that Morrisons lost some market share during the same period as did Sainsburys and only Lidl had a marginal increase. Things do look uncertain economically over the coming months but I would rather be with a company that has strength in the areas that matter. Lets hope this protects the sp going forward. DYOR and GLA.