Over 20,000 Tesco PLC (LSE:TSCO) workers will share £30 million from the supermarket's share schemes.
Tesco stated that an employee who invested an average of £68 monthly over five years would see a profit of £2,560, resulting in a total return of £6,640 from their £4,080 investment. This payout is attributed to Tesco's strong share price performance.
Most beneficiaries are shop floor or distribution centre workers. Tesco employs over 300,000 people in the UK, with 52,000 participating in the "save as you earn" scheme.
This allows them to buy discounted shares, currently priced at £1.88 compared to the market price of £3.06. Participants can invest up to £500 monthly, potentially making significant profits if they choose to sell their shares.