TSCO Tesco Plc

281.40

-1.30 (-0.46%)

19 Apr 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Tesco Plc	LSE:TSCO	London	Ordinary Share	GB00BLGZ9862	ORD 6 1/3P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-1.30	-0.46%	281.40	281.80	282.00	282.40	279.30	281.40	10,195,021	16:35:14

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Grocery Stores	65.76B	744M	0.1046	26.95	20.05B

Unite Union Says Tesco Truck Drivers, Warehouse Workers Reject 2.5% Pay Offer

17/09/2021 4:09pm

Dow Jones News

Tesco (LSE:TSCO)
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From Apr 2021 to Apr 2024

By Anthony O. Goriainoff

U.K. trade union Unite said on Friday that Tesco PLC's truck drivers and warehouse workers at four of the company's distribution centers overwhelmingly rejected a 2.5% pay rise offer, which was below inflation.

Unite said that Tesco's offer was in fact "a substantial real terms pay cut with the retail price index inflation rate currently running at 4.8%," and that it was preparing for industrial action.

The union warned that if members voted for strike action "Tesco's shelves will quickly become empty this winter, potentially affecting the Christmas period."

Tesco didn't respond to a request for comment.

Tesco shares at 1435 GMT were down 0.35 pence, or 0.1%, at 256.80 pence.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

September 17, 2021 10:54 ET (14:54 GMT)