Tesco Announces 2% Pay Increase, Backdated To April 2015
Tesco Ireland has announced it is to implement a 2% pay increase for its staff, backdated to 1 April 2015.
The move follows a Labour Court recommendation issued earlier this month.
In a statement, a spokesperson for Tesco told Checkout, "Our business performance has not been what we would want it to be over the last few years with sales declining by -6.3% last year and -5.5% the year before.
"In this context, we had to balance our wish to reward our colleagues with the need to make sensible decisions that safeguard the future of the business in the best interests of all our colleagues and customers.
"Therefore, last week we announced that we are awarding a 2% pay increase to all eligible colleagues backdated from the 1st April 2015. We have taken the decision to make this 2% pay award in recognition of the contribution our colleagues make in helping to serve Ireland’s shoppers a little better every day."
Earlier this month, the Labour Court also recommended that Tesco pay a bonus to staff, which the retailer at the time said was 'not feasible' following its year-on-year performance.
On this, the spokesperson said, "Tesco is currently considering the recent Labour Court recommendation on share bonus award."
© 2016 - Checkout Magazine by Stephen Wynne-Jones