UK: Tesco boosts pension scheme funding to make up deficit
UK supermarket retailer Tesco has had to increase the amount the company pays into its final salary pension scheme to make up a deficit of £159m (US$254m). While the 40,000 members of the scheme will also have to increase their contribution by 0.75% of their salary, Tesco said it will pay more than two thirds of the extra cost required, more than double the employee contribution.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- How General Mills plans to grow - CAGNY
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Unilever launches operational review
- Kraft Heinz pulls Unilever bid
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- Kerry's Scanlon to replace McCarthy as CEO