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TESCO staff in £175 million jackpot

Discussion in 'General Discussions and Lounge' started by temi, Feb 6, 2008.

  1. temi

    temi Facilitator Webmaster

    Thousands of Tesco staff will share a £175m payout from the company's save as you earn scheme. It allows staff to buy Tesco shares at a discount to the market price and 51,000 staff pay into the scheme.
    The 8,000 top savers can expect a payout of more than £8,500, which is a 160% return, the company says.
    Tesco shares were at £4.16 when the scheme matured on 1 February. Over the last three years the share price has risen by more than 20%.
    source: bbc
  2. Bionic_Woman

    Bionic_Woman New Member Webmaster

    My son works part time for Tescos but as he hasn't been there a year he can't buy the shares. What a pity!

    I bet those workers are laughing all the way to the bank, or work. :D

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