Agreement at Tesco – 12.5% wage increase and 25% cafeteria increase for nearly 9,000 employees

By: Trademagazin Date: 2024. 02. 05. 12:10

In the 2024/2025 fiscal year, it will invest HUF 5.6 billion in the wages of its employees working in stores and logistics centers, which will increase by an average of 12.5 percent from March 1 compared to last year’s wage agreement. In addition to the wage increase, the department store chain provides an additional employee benefit package worth HUF 4.4 billion, which includes childbearing, school enrollment, jubilee, health and social elements, as well as a cafeteria.

Tesco-Global Áruházak Zrt., the Trade Union of Commercial Employees (KASZ) and Egyenlő.hu – the modern trade union – have agreed on the wage development for the 2024-25 business year. According to this, the basic salary of HUF 320,000 gross in effect on November 30, 2023 will increase by 12.5% to HUF 360,000 gross from March 1, 2024. In stores that pose a challenge in terms of recruitment – in about half of the store chain’s stores across the country – the gross basic salary increases to HUF 400,000 together with the location bonus. With the average shift bonus and overtime, cafeteria, shopping discount and location bonus, the maximum possible income is HUF 503,100 gross, while without location bonus it is around HUF 463,100 gross.