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Latest News

Supermarket staff cash in on record payout

by Personnel Today 1 Feb 2001
by Personnel Today 1 Feb 2001

Staff at
Tesco are set to benefit from the largest payout in UK corporate history when
two of its Save As You Earn schemes mature.

More than
33,000 staff, who have been saving between £10 and £250 a month, will receive a
share of £123m as a result of the scheme.

Tesco claims
the return on their investment will be between 90 per cent and 250 per cent.

The most
recent three and five year scheme to be launched last year attracted a record
number of employees, with over 66,000 Tesco staff joining up.

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www.tesco.com

By Richard
Staines

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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