Thousands of Tesco employees are set to receive a substantial financial boost, with a £134 million windfall from the supermarket giant’s share scheme.
More than 22,000 staff members, primarily those working in stores and distribution centres, are eligible for these significant payouts. Individuals cashing out are anticipated to see average profits ranging from approximately £5,000 to £8,000 each.
Tesco, the UK’s largest retail business employing over 300,000 people nationwide, operates one of the country’s most extensive save-as-you-earn schemes, with different tranches maturing annually.
This year has seen a particularly strong windfall for employee investors, on the back of gains in Tesco’s share price in recent years.
Shares in the retail giant have risen by almost 25 per cent over the past year.
The scheme has allowed employees to buy shares at a discount rate.
Workers can choose to either keep their shares for the longer term or sell some or all of their shares to cash in on the windfall.
It said workers who invested the average figure of £91 a month in Tesco’s three-year scheme will have made a profit of £5,346.
Those who invested the average £94 a month in the five-year scheme will make £8,004 profit.
Overall, employees could be in line for a total payout worth as much as £134 million – more than four times the £30 million profit shared by staff in 2024.
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.”
