Tesco Share Discussion Threads

[mercer95] 08/2/2018 21:08

My prediction was only 1000 points out, give or take, not bad in the present climate

[vaneric1] 08/2/2018 16:18

Is that the next PPI legal gang graham, are we going to have to listen for months on end to them begging people to make a claim?

[mercer95] 08/2/2018 14:22

Still under here but still holding, hopefully get a second wave of buying stateside IMO investors/traders buying back in,3 days max & that urge to trade kicks in,we all suffer from short term memory loss if the market is rising. GLA

[grahamite2] 08/2/2018 13:58

This equal value business, loganair.

If an operating theatre is dirty the patient may well die of an infection. Does that mean we should pay the cleaners the same as the surgeons?

[ignoble] 08/2/2018 13:00

The media rule the world ...

True , they have a business to run too

[loganair] 08/2/2018 12:36

ig - The news papers only write about what sells news papers.....

[ignoble] 08/2/2018 12:32

Crumbs ...big difference between the two
Last year it was pick on Sports Direct and now back to Tesco

[loganair] 08/2/2018 12:14

ig - Just that could cost Tesco's £4bln while at most for Sainsbury's is £100mln and we all know what the press are like.

[football] 08/2/2018 12:14

Couple of quick points about the backpay at Tesco's, Tesco's or their employees are the biggest benefit claimants in the country therefore when this backpay is paid to them if they win they will have to pay all their benefits back to the DHSS and tax credits I'm assuming or will the government just right millions of pounds which is owed to them in people now inadvertently miss claiming due to the rates of pay being higher than claimed?

[ignoble] 08/2/2018 12:11

So why is it just Tesco that the media
are rattling on about
Would not any other store chain be in a similar situation ?

At the end of the day , love them or hate them , Tesco do provide employment for many people.

[capeview] 08/2/2018 12:02

Vaneric, they may not talk about it but I bet that is why the wages are higher in the warehouse for a reason.

Also, who would they be relating there wages too, a shelf stacker or a Forklift truck operator??

Shelf stacking takes no expertise, but learning to control a forklift truck is very challenging and takes a lot of skill.

Obviously, these things are changing with robot shelf packing and sorting systems, but when it comes to Large Heavy Pallets, are robots capable of moving those in a quicker and faster way than a Fork Lift truck driver??

[vaneric1] 08/2/2018 11:55

I'd be surprised if any company talked about 'danger money' nowadays, they'd have the HSE on their backs demanding that they removed the danger and in the event of an accident the compensation lawyers claiming more because the employer was 'aware of the danger'

[loganair] 08/2/2018 10:50

From what I've been hearing is I understand the women are basing it on equal value, that their job in the store was of equal value to the men working in the warehouses and therefore they deserve the same pay.

cape - I agree, I've been into one of these warehouse style retail supermarkets that do not let young children in because of the dangers that large heavy pallets may fall some distance to the floor and as you mentioned the fork lift trucks whizzing around.

[capeview] 08/2/2018 09:21

The other things that people aren't aware of, is the health and safety risks involved with being in a warehouse.
High stack goods and items, fork lift trucks and vehicles moving around all the time.

I've worked in a warehouse in he past and it's not something to be sniffed at. A lot of dangers around that only takes one person to not be fully awake or on the job and accidents can occur.

Not saying accidents can't occur in the store, but you don't have tons of goods potentially falling off shelving meters of the ground not just a few feet.

I would class it in a way as the difference being classed as danger money.

[filmster] 07/2/2018 18:47

The reaction of todays share price shows what the market thinks of this story.

BBC trying to make it out as gender thing just to sell the story. There is both men and women working on the shop floor and warehouse. Purely upto themselves where they work. If they want better pay, go work in the warehouse. Simple as that. Crazy world.

[philanderer] 07/2/2018 18:34

Back dated pension contributions as well ?

[loganair] 07/2/2018 17:06

How has the £4bln been worked out....

200,000 female Tesco workers.

If they all receive the £20,000 in back pay lawyers are asking for, the UK’s biggest grocer could be forced to fork out around £4bn.

Tesco’s market cap is around £16bn with underlying profits last year of £1.2bn, so a £4bn bill would be significant.


The Government may like this because as much as £500mln will be due to be paid in income tax on the £4bln.

[philanderer] 07/2/2018 13:49

'Tesco’s £4bn equal pay case ‘may spark wave of claims’'


....the issue over remuneration could soon engulf other supermarket chains, too, experts warned, saying the pay discrepancy is common across the industry.

Workers at Sainsbury’s and Asda are embroiled in a similar dispute over equal pay.

The latter could be facing claims for compensation dating back to 2002 and totalling £100 million.

“Tesco is by far the biggest retailer with the biggest workforce, so it’s bound to look like a bigger issue,” said retail analyst Richard Hyman.

“But, proportionately, others may be as big or even bigger.

“This is likely to be a potential issue for many businesses.”

[grahamite2] 07/2/2018 12:41

A lot of good comes out of America but a lot of evil does too. This shyster culture is some of the worst of it.

[vaneric1] 07/2/2018 12:38

Is the hope that Tesco will offer a settlement
====================================================

That's exactly it graham, not because of the bad publicity but because of their own lawyers making a packet out of mounting a defence.

[grahamite2] 07/2/2018 12:01

But that's what's so hard to understand, vaneric - they won't get paid if they've taken the thing on on a contingency fee basis. And if the claimants have managed to get one of these vile legal funders on board - what does the funder think it's playing at?

Is the hope that Tesco will offer a settlement to avoid bad PR? I hope they resist it tooth and nail, all the way.