Tesco, unions reach deal on 5.5% pay rise

Retail

The local unit of U.K. supermarket chain Tesco on Friday said its management reached an agreement with trade unions on a 5.5% average pay rise for store and warehouse workers, according to a report by state news wire MTI.

From March 1, base pay for Tesco workers will be a minimum gross HUF 250,000, but overtime, benefits, vouchers and location stipend could raise that over HUF 320,000.

Hungarians working full time in commerce earned a gross monthly HUF 402,400, on average, in November, the latest data from the Central Statistical Office (KSH) show.

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Share of 1st Time Home Buyers Climbs Residential

Share of 1st Time Home Buyers Climbs

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.