Tesco who employs around 340,000 staff have given their store workers a pay rise of 7% to a minimum of £11.02 per hour from £10.30 an hour which represents more than a £230 million investment.
Tesco said the new pay rise will start from 2 April to “reflect the increasing costs our colleagues are currently facing,” which brings the supermarket’s investment to a record £450 million over the past 12 months.
Jason Tarry, Tesco UK & ROI CEO, said, “For the second year in a row, we have made a record single-year investment in base pay for our colleagues.
“We know that many colleagues have felt the pressure of rising costs this year, and we are absolutely committed to supporting them with competitive base pay and exclusive colleague benefits.
“This agreement recognises the incredible work and dedication our teams show every day in serving our customers.”
Daniel Adams, Usdaw national officer, said, “This deal, which follows earlier agreements with Usdaw on additional investment outside of the normal annual negotiations and bringing the 2023 pay negotiations forward, represents a significant step forward for pay within Tesco retail.
“It represents a third increase in pay in 10 months and ensures that the business continues to respond positively to the significant pressures our members face.”