Thousands of Tesco staff have been forced to take a large real-term pay cut as the supermarket puts a squeeze on store managers while offering bigger wage rises for lower-paid workers.
In the latest pay battle amid the cost of living crisis, the retailer’s team managers, who earn about £30,000 a year, say they have received as little as a 3% pay rise. The official rate of inflation is close to 10%, and expected to hit 11% this month.
Read the full article on The Guardian website
NAM Implications:
- ‘A 3% pay rise for team managers amid 10% inflation’ says it all for most of the industry.
- i.e. this disparity will affect workers in many sectors.
- In retail, its effect will impact shoppers…
- (Hence the remuneration increases being pushed thru by the discounters…)
- All the ingredients for a Winter of Discontent?
