Tesco staff are set to receive a £134 million windfall payout through the company’s employee share ownership scheme.
More than 22,000 employees, primarily working in stores and distribution, are expected to benefit from this initiative.
The average individual payout is estimated to be between £5,000 and £8,000, depending on participation in the investment scheme.
Tesco runs one of the UK’s largest save-as-you-earn share programs, allowing employees to buy company shares at a discounted rate through long-term savings plans. They can either sell the shares when the scheme matures or retain them for future growth potential.
For example, workers who invest around £91 per month over three years could see a profit of approximately £5,346, while those who invest £94 per month over five years could gain around £8,004.
Tesco shares have increased by roughly 25% over the past year. The total value of the staff windfall could reach £134 million, more than four times the £30 million payout in 2024. This windfall reflects improved profitability and increased investor confidence in Tesco’s performance amidst competitive conditions in the UK grocery market. The company employs over 300,000 people across Britain.
Emma Taylor, Tesco chief people officer, said: “Our people are at the heart of everything we do and when we succeed, we want our colleagues to share in that success.
“Our frontline colleagues deliver for customers every single day, and we are delighted that our save-as-you-earn scheme is providing a really tangible reward for all their hard work, commitment and loyalty.”
