The latest Investing Matters Podcast episode with Inclusive Asset Management's Alexandra McGuigan has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Tesco strike threat recedes after improved offer

Wed, 08th Dec 2021 13:35

(Sharecast News) - A strike that could have left Tesco shelves empty over Christmas appears to have been averted after the supermarket chain made an improved offer to its distribution workers.
More than 1,000 members of the Unite union had planned to strike after Tesco offered them a below-inflation pay increase of 4%. The strike would have left stores short of products during Tesco's peak trading period, the union warned.

Unite said on Wednesday that its threat had prompted fresh talks resulting in a 5.5% increase backdated to July with an extra 0.5% from February. The workers are based in Antrim and Belfast in Northern Ireland and Didcot and Doncaster in England.

Tesco has also agreed to a "formal dialogue" to create a single pay scale for all the work carried out at the distribution centres and workers in Doncaster and Belfast will have improved terms, Unite said. Members will vote on the deal, which the union has recommended.

Unite national officer Adrian Jones said: "From the beginning of this dispute Unite has been clear that Tesco could afford to make a more generous offer and that has proved to be the case. It is now up to Unite's members to decide if the proposed deal meets their expectations."

Tesco still faces potential strikes by Unite members at a distribution centre in Livingstone, Scotland, and warehouse workers who are members of the Usdaw shopworkers' union. Talks about these disputes will be held in the next few days, Unite said.

Related Shares

More News
Today 08:38

UK discounter B&M expects full-year profit at top end of guidance

2023/24 revenue up 10.1% to 5.5 bln stg *

15 Apr 2024 09:49

LONDON BROKER RATINGS: UBS raises Crest Nicholson; Stifel cuts CRH

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

12 Apr 2024 09:55

LONDON BROKER RATINGS: JPMorgan raises Taylor Wimpey, Persimmon

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

10 Apr 2024 17:21

European shares rebound from one-month low; ECB rate verdict up next

Barry Callebaut jumps, volumes hold up despite cocoa price surge *

10 Apr 2024 17:18

UK equities end volatile session higher as investors ponder rate outlook

Tesco climbs as it forecasts profit rise *

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.