Tesco has announced a new pay deal for hourly-paid store and customer fulfilment centre (CFC) colleagues which will see their hourly rates increase 2.7% from £9.30 to £9.55 from 5 September 2021.
The one-year pay deal has been developed in partnership with the stores elected Usdaw colleague representatives and Usdaw and is above inflation rates.
According to Tesco, the pay deal is focused on what colleagues have said is “most important to them” – a higher basic hourly rate. Since July 2014 the store’s hourly rate has increased by 29.2%.
Jason Tarry, CEO of Tesco, said: “We’re delighted we have been able to reach this agreement giving our colleagues a well-deserved pay increase. Over the last year our colleagues have gone above and beyond to continue to serve our customers throughout the pandemic.”
Having commenced the three-year operational framework in 2018, the two firms have agreed to discontinue the buying partnership from 31 December 2021.
The agreement had been signed in 2018 in a bid to offer “even lower prices” and “improve the quality and choice of products available”.
In turn, Tesco claimed that the two groups have benefited from “a number of joint buying opportunities” across both food and merchandise areas over the past three years.
The deal also saw increased “access to new suppliers, new sources, and new products” for the supermarket chains.
However, Tesco added that looking ahead, “both companies have agreed that they will continue this work independently”.