Tesco Ireland has announced an overall pay rise of 10% for its employees, which will be spread over three years.
The move became effective from 1 April 2022 when a 6% pay rise was awarded to staff, as well as 2.5% being backdated to April 2021. Now, an extra 4% rise will be awarded from 1 April 2023.
The Big 4 grocer also noted that the hike is on top of two years of discretionary colleague bonus, 2.5% for 2021 and 2% for 2022, respectively.
In a statement, Tesco Ireland said: “The pay award announced today follows recent investment in benefits including paid maternity, paternity and adoptive leave, and the introduction of a new industry leading pension plan, representing a total investment in pay and benefits of €40 million”.
Commenting on the change, Tesco Ireland Natasha Adams CEO said: “I am pleased to be able to make this announcement for our colleagues at a challenging time for families with rising living costs.”
Adams added that the pay rise will give certainty of pay along with additional benefits for employees amid the rising cost of living.
The news comes as shoppers have threatened to boycott Tesco following reports of the Big 4 grocer introducing biometric payment methods – including face and palm recognition – at the checkout by early next year.