Every little helps | 20,000 Tesco employees to share £30m windfall from colleague share scheme

More than 20,000 Tesco employees are in line for a bumper pay out after the strong performance of the Tesco Save as You Earn colleague share schemes.

Staff at the UK supermarket giant, which is the country’s largest private sector employer, will share in a windfall profit of more than £30m.

The payout will be given mainly to shop floor employees working in stores and distribution centres.

Tesco says the windfall has been created by the strong growth of the Tesco share price, which was £3.06 earlier this week.