retail news in context, analysis with attitude

• The BBC reports that Tesco will give all of its UK store employees a minimum 2.5 percent raise, as of this July.

According to the story, “The increase is below the current 4.5% rate of inflation, although it is higher than the 2% rise in UK average earnings seen in the year to April ... Last month, the firm said 225,000 staff would participate in a £110m bonus pool - almost £500 on average - based on the firm's profits for 2010.”
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