Thousands of Tesco workers are forced to cut wages

Thousands of Tesco workers are forced to cut wages

UK: Thousands of salaried Tesco workers forced to make real wage cuts
Thousands of Tesco employees have been forced to accept a real big pay cut because the supermarket is putting pressure on store managers while offering a bigger pay increase to lower-paid workers. In the latest cost-of-living wage battle, the retailer’s team managers, who earn about $34,142 a year, say they only got a 3% salary increase. The official inflation rate is close to 10% and is expected to reach 11% this month.
source: theguardian.com

UK: IGD calls for improved food and beverage chain productivity
The UK economy is currently experiencing slow productivity growth, which is causing problems for both business and government. The latest IGD Viewpoint report (“Three UK food and beverage productivity gaps”) reveals a number of supply chain challenges and examines how they are addressed, what are the business benefits and how the supply chain can do better to benefit the consumer. “This is not a new problem; productivity in the UK has increased slowly since the recession of 2008-2009,” said James Walton, chief economist at IGD.
source: kamcity.com

UK: Co-op has a new store in Park Royal, London
Co-op has opened its newest community food store in Park Royal, London. The new 2,500-square-foot store, located on Lakeside Drive, Park Royal (NW10), is open daily from 7 a.m. to 10 p.m. and offers 14 local jobs. The newest Co-op store has a free ATM; Fairtrade coffee maker, aka Everground; hot food and bakery as well as a focus on fresh and healthy produce; meal ideas daily necessities; ready meals; chilled beer and award winning wines; Pizza, vegan and vegetarian products, including Co-op’s exclusive vegan GRO range.
source: co-operative.coop

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Just Eat Takeaway.com publishes the publication and agenda of the EGM
Just Eat Takeaway.com, one of the world’s largest online food delivery marketplaces, has published a circular regarding the sale of approximately 33% of its stake in the iFood joint venture to Prosus NV, proposed appointments to the Supervisory Board and the Board of Directors and a proposal to transfer the company’s stock listing .
source: justeattakeaway.com

Food accounts for a record 66% of total consumer spending in traditional stores in Romania
Despite the rise of e-commerce, Romanian consumers still prefer to shop in physical stores. At least 66% of total consumer spending in traditional stores in Romania went to groceries, while the regional average is 59%. The e-commerce sector has recently grown significantly in the Central and Eastern European (CEE) region. The share of online sales in the region has increased by 9 percentage points to 15% over the past five years and is expected to rise to 20% over the next four years, according to CBRE.
source: romania-insider.com

Amazon.com invests more than 1 billion euros in European electric vans and trucks
Amazon.com said it will invest more than 1 billion euros in electric vans, trucks and low-emissions parcel centers across Europe over the next five years, accelerating its goal of achieving net zero carbon.
source: @reuters.com

EU says Shopify needs to improve platform to make online shopping safer
According to a statement from the European Commission, e-commerce company Shopify has committed to making improvements to make online shopping safer for customers.
source: @reuters.com

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