One fifth of Tesco's management choose redundancy over wage drop

Over one fifth of Tesco’s management have elected to accept a redundancy package rather than take a pay cut.

The supermarket chain has effectively stripped away two layers of its management structure (deputy manager and line support), with approximately 1,000 people leaving.

Job cuts were initiated in February, with CEO Dave Lewis announcing that thousands of jobs will be lost across head office and stores, despite a profitable Christmas.

Collectively, 22% of those eligible claimed redundancy, whilst 55% agreed to work for less pay; the rest switched to roles with identical pay.