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Mandate Seeks Tesco Meeting Over Cancellation Of Share Bonus Scheme

Published on May 29 2015 3:50 PM in Retail tagged: Featured Post / Tesco

Mandate Seeks Tesco Meeting Over Cancellation Of Share Bonus Scheme

Mandate trade union has written to Tesco seeking a meeting to discuss the cancellation of a 'share bonus scheme' this year for employees.

Mandate confirmed to Checkout that it was seeking a meeting following a Tesco announcement to its staff earlier this week that it is dropping its annual end of year bonus, which sees shop workers receive roughly €250 as part of a ‘share bonus scheme’.

Tesco has blamed competitive market conditions for the move that will see all but those employees hired before 1996 lose their end of year bonus.

A Tesco Ireland spokeswoman told The Journal that the company’s performance was reviewed each year before it made a decision on whether it would pay markets and that this year, because of market conditions and the performance of the Irish business, Tesco Ireland has decided to declare a 0% share bonus colleagues this year.

“This affects all colleagues except for those who are covered by historic collective agreements," the spokesperson added.

© 2015 - Checkout Magazine

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