By Ben Simmons
Tesco has announced its biggest ever “Shares in Success” payout with over 225,000 staff across the UK receiving a share of a £110m-plus bonus pot.
The shares bonanza is a big thank you for the commitment and hard work of staff, from customer assistants to drivers and managers, who helped the country’s favourite supermarket report profits of £3.8 billion for the last year.
Additionally, 71,000 staff who have held shares in the scheme since 2006 also today became eligible to sell the £40m worth of shares they were awarded 5 years ago tax free.
“Despite what continues to be a really challenging economic climate, we have had yet another successful year,” comments Tesco’s UK CEO, Richard Brasher. “This is very much down to the hard work, commitment and skill of the entire Tesco team. Our Shares in Success scheme is delivering yet another record payout for our staff and goes some way to thank them for their contribution. It is our staff that make the real difference in ensuring Tesco's continued success by doing what they do best, delivering for customers. I am delighted that once again so many staff are sharing in this success.”
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