Company update

• Thousands of staff at Tesco, Britain’s biggest supermarket chain, are to
share in an £83m pay-out this month when its savings scheme matures. More than
55,000 employees – nearly a third of the staff – will be told the size of their
windfall in the next few days. They have been able to invest as little as £5 a
month, but those who put in the maximum £250 a month for five years will
receive almost £44,000. The Times

NE One2One jobs boost

• Mobile phone operator One2One is creating another 300 jobs in the North
East.The firm, which already employs 600 at its call centre on Sunderland’s
Doxford Business Park, is expanding to cope with the growth in the mobile
industry. Its present centre will close in June when existing staff move to a new
building on the same estate. Recruitment for the new posts has begun. Evening

Airline plans expansion

• Ryanair, Europe’s biggest no-frills airline, has pledged to create 250
jobs in Britain by the summer on the back of a surge in profits and passenger
traffic. The Dublin-based carrier, which pioneered low-cost air travel in
Europe, announced an increase in profits of about one-third in its latest
quarterly figures and said it is soon to start services from a third British
airport soon. Passenger numbers for the three months to December rose 17 per
cent to 1.4 million. Turnover leapt 35 per cent to £55.2m and pre-tax profits
were up from £9.5m to £12.3m. The Times

New Rolls Royce deal

• Aerospace giant Rolls Royce has announced a joint venture which will
include the servicing of aero engines at its main UK factory. Under the
agreement with Swiss-based SR Technics, repair and overhaul of Rolls Royce’s
Trent 800 series will be carried out at the Derby plant. The programme will go
into operation next year, but the company said no new jobs will be created at
Derby, which employs more than 13,000 employees. PA

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