Tesco's Profits and its Key Workers' Pay

That the Parliament condemns the reported actions of Tesco, which it understands is seeking to end protected and retained pay for staff at five sites nationally, including its distribution centre in Livingston where over 250 staff are affected; understands that an agreement on protected and retained pay was reached as far back as 2007 and has been adhered to since then; further understands that, at the time that it was negotiated, the company assured employees that it would never be changed and was "set in stone"; believes that such a move would cut individual pay by between £3,000 and £13,000 a year from staff salaries, having a hugely detrimental impact on the standard of living of employees and their families; is appalled that, on the one hand, Tesco praises its staff as keyworkers and heroes but, on the other, reportedly cuts staff pay and conditions; understands that, in the financial year 2019-2020, Tesco’s annual revenue amounted to almost £53 billion in the UK and Republic of Ireland, an increase of approximately £1.3 billion, and its profit in the UK and Republic of Ireland rose by over £360 million, to £2.2 billion; believes that this is further evidence of a very profitable corporation exploiting the COVID-19 pandemic to make even greater profits by taking advantage of people’s fears of losing their jobs, and calls on Tesco to withdraw these notices, as called for by the shop workers' union, USDAW.