News:

Welcome to V.L.H

Main Menu
Welcome to verylittlehelps. Please login or sign up.

28-03-24, 09:39PM

Login with username, password and session length
Members
Stats
  • Total Posts: 38,124
  • Total Topics: 630
  • Online today: 325
  • Online ever: 1,436
  • (24-01-24, 01:01AM)
Users Online

News articles

Started by Nomad, 21-03-18, 10:49AM

Previous topic - Next topic

alf

Am I missing something or did you not just essentially repeat what I said.


Nomad

Two Tesco workers drown after one rushed into river to save the other on day out

Sympathy to family and friends of the two who died in such a tragic way on what should have been a day of fun.
Nomad ( Forum Admin )
It's better to be up in arms than down on your knees.

Nomad

Tesco in Watford temporarily closed after heavy rain

QuoteShoppers reported that staff at Tesco in Waterfields Shopping Park had to close the store after water began coming through the ceiling during heavy rainfall.

Really does seem to be a common occurrence with Tesco stores.  8-)
Nomad ( Forum Admin )
It's better to be up in arms than down on your knees.

lucgeo

Aye, certainly was in mine...over the twenty plus years I worked there, they had flower buckets on standby every time heavy rain was forecast  :-X
Live for today. Learn from yesterday.

NorthernJ

We also use the flower buckets, but someone decided to nick the rug at the front entrance and put it on the floor under where the rain was coming through so the carpet would soak it up.  :D

Nomad

https://news.sky.com/story/coronavirus-tesco-faces-defeat-in-investor-revolt-over-bosss-pay-12010294

QuoteTesco is steeling itself for an embarrassing defeat over its chief executive's £6.4m pay package when shareholders cast their votes at its annual meeting next week.
Nomad ( Forum Admin )
It's better to be up in arms than down on your knees.

Nomad

https://wbj.pl/tesco-sells-all-business-in-poland-to-netto/post/127406

QuoteBritish retail giant Tesco announced the sale of business in Poland to Danish corporation Salling Group, the owner of the Netto network. The transaction, which is subject to approval by antitrust authorities, including the Office of Competition and Consumer Protection (UOKiK), includes the acquisition of 301 chain stores together with distribution centers and the company's headquarters for a total amount of PLN 900 million. Tesco stores will change to Netto within 18 months.
Nomad ( Forum Admin )
It's better to be up in arms than down on your knees.

notsofunny

Quote from: Nomad on 20-06-20, 10:57AM
https://news.sky.com/story/coronavirus-tesco-faces-defeat-in-investor-revolt-over-bosss-pay-12010294

QuoteTesco is steeling itself for an embarrassing defeat over its chief executive's £6.4m pay package when shareholders cast their votes at its annual meeting next week.

So its the  2.4million bonus that's being voted on not his total pay ,and even a vote against will not stop him getting the bonus  ???

Hammer10

He should share it with all the general assistants.no chance.

Nomad

Nomad ( Forum Admin )
It's better to be up in arms than down on your knees.

barafear

that was yesterday's story.
Today was the day that the actual Q1 trading update came out.

Sales up - but profits likely to be down due to the £800m+ cost of Covid.

https://www.bbc.co.uk/news/business-53178095


Feel free to post a more appropriate link if the BBC one is not suitable.

And whilst I was looking for that, I saw the news about the vote on dave's pay and bonus


https://www.proactiveinvestors.co.uk/companies/news/922874/tesco-shareholders-reject-director-pay-report-after-ceo-s-bonus-mushrooms-922874.html

grim up north

Thanks for those links

notsofunny

Quote from: barafear on 26-06-20, 03:31PM
that was yesterday's story.
Today was the day that the actual Q1 trading update came out.

Sales up - but profits likely to be down due to the £800m+ cost of Covid.

https://www.bbc.co.uk/news/business-53178095


Feel free to post a more appropriate link if the BBC one is not suitable.

And whilst I was looking for that, I saw the news about the vote on dave's pay and bonus


https://www.proactiveinvestors.co.uk/companies/news/922874/tesco-shareholders-reject-director-pay-report-after-ceo-s-bonus-mushrooms-922874.html

Corona cost are likely to be £800 million ,,, Those are the costs ,  then the reductions in costs like the £600 million the company will not have to pay in Rates for the year ,

The statement does not say that they are going to make less profits due to the costs , and at the moment they have not said if they have managed to Increase the overall % profit due to having less promotions and a larger % of sales being in areas like dairy and other fresh foods , would love to know if waste went down during the Panic since every thing was selling out , all in all not a lot to information coming from Tesco , Including how the money that they will get from the sale  of the stores in the East and them using it to wipe out the pension deficit will help profits ,,

As to the vote about pay ,, like I said before it does not mean Dave will not get his pay , it all depends if the company decide to follow the vote or not ,,

Nore does it say how much of these costs can be carried forward as Assets ,

BlueToon

"As to the vote about pay ,, like I said before it does not mean Dave will not get his pay"

"Luke Hildyard, of the High Pay Centre, said: 'Moving the goalposts so blatantly to help the chief executive plunder more money at a moment of national economic crisis shows the Tesco board must be completely out of step.'
But the vote is not binding and Lewis has so far refused to hand back his bonus."

That says it all really!

lucgeo

Same company that asked the redundant colleagues to hand back the error in overpayments...threatening court action if they didn't  :-X
Live for today. Learn from yesterday.

Nomad

https://www.thegrocer.co.uk/tesco/tesco-pressures-suppliers-to-drop-prices-in-aldi-price-war/646073.article
Quote
The Grocer understands suppliers have been given a cut-off of 10 July to respond to its call for a switch to everyday low pricing (EDLP), which will also see promotions canned unless they come under its Clubcard loyalty scheme.

A raft of suppliers told The Grocer they faced huge pressure from the UK’s biggest supermarket to lower their prices, and raised concerns over the timescale of the demands and the lack of clarity over how the step change in promotions would work in practice.

“Tesco are putting a lot of pressure on our business in an effort to support their coming price war,” said one supplier, who claimed what Tesco is billing its ‘value and loyalty strategy’ had little to offer suppliers except an implied threat to delist their products if they did not play ball.

Let battle commence  8)
Nomad ( Forum Admin )
It's better to be up in arms than down on your knees.

King1999

Not like Tesco to use threats is it........they've f***ed the stores over now it's the suppliers again.What a company.

Nomad

https://seekingalpha.com/article/4357217-tesco-aldi-fight-is-hard-ever

QuoteTesco says its "Red Dot" low price initiative is showing progress in its battle with Aldi.

Nonetheless, Aldi is nimbler, more efficient and with a clearer, consistent value proposition.

In the long-term, Tesco cannot win the price war and it will continue to lose market share, with Aldi expanding its physical estate aggressively.

Tesco retains some advantages over Aldi, of which a key one is online shopping.
Nomad ( Forum Admin )
It's better to be up in arms than down on your knees.

Nomad

https://hungarytoday.hu/reorganization-tesco-spar-hungary-coronavirus/

Quote‘Collective redundancy’ is the subject of a letter sent by Tesco-Global Áruházak Inc. to several of its employees. According to Világgazdaság, 700 people will be affected by the reorganization, the department store chain has offered the majority of employees another job opportunity.

‘Collective redundancy’, not heard that one before.
Nomad ( Forum Admin )
It's better to be up in arms than down on your knees.


lordadmiral

#220
Quote from: Nomad on 22-07-20, 09:47AM
https://hungarytoday.hu/reorganization-tesco-spar-hungary-coronavirus/

Quote‘Collective redundancy’ is the subject of a letter sent by Tesco-Global Áruházak Inc. to several of its employees. According to Világgazdaság, 700 people will be affected by the reorganization, the department store chain has offered the majority of employees another job opportunity.

‘Collective redundancy’, not heard that one before.

What is collective redundancy?

"You're part of a 'collective redundancy' if your employer is making 20 or more people redundant. Your employer has to hold a group consultation if there's a collective redundancy."... it is nothing new. Quote come from citizen advice website




Hammer10

As regards of staff doing the cleaning they can go and do one.This company is getting worse .

penguin

It might just be express and some metro stores laying off cleaners today, but no doubt it will be coming soon to the large format stores.
Do not let anyone tell you there is not a decent job and life beyond Tesco.

King1999

Lead from the top biggest turds going.💩💩💩

tumshie

If they mean Tesco will now employ its own cleaners then fine.
If they mean the existing staff will have to fit cleaning in, somehow, with no extra hours, that's very far from fine.

SMF spam blocked by CleanTalk