Home Business News Tesco to raise pay by 9.1% in a £300 million investment

Tesco to raise pay by 9.1% in a £300 million investment

5th Mar 24 4:12 pm

Tesco has become the latest supermarket to raise pay for their workers by 9.1% ahead of the rise to the national minimum wage in April.

This is part of around a £300 million investment and the national minimum wage will rise from £10.42 per hour to £11.44 on 1 April.

Tesco UK chief executive Matthew Barnes said: “This represents another significant investment in our colleagues, building on the last two years of investment.

“We recognise the amazing work our colleagues do every day in serving our customers and we’re really proud to offer such competitive rates of pay alongside a great range of exclusive colleague benefits.”

Usdaw national officer Daniel Adams said: “This deal not only delivers an inflation-busting increase for Tesco employees, but it also demonstrates the value of progressive employers engaging constructively with trade unions at a time when the cost-of-living pressures continue to be keenly felt by our members.

“We welcome the company’s positive response through our negotiations, which have resulted in the largest investment in pay in a single year, with the highest entry rate for store employees of any major supermarket.”

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