Mandate Seeks Tesco Meeting Over Cancellation Of Share Bonus Scheme

By Publications Checkout
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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