The costs of COVID, new hires eat into Tesco’s sales profits over past year
Tesco’s profits saw a sizable decline during the past year, tumbling by nearly 20% because of the massive costs of doing business during the COVID-19 pandemic, the company reported. After posting more than £1 billion in pretax profit in the previous year, it brought in just £825 million in 2020-21. Those figures and the fact […]
Making positive changes also came from the pandemic
The concept of a pandemic has been portrayed in movies, sci-fi books, medical journals and contemplated by agencies across the globe. The big picture issues are obvious: food scarcity, stress on medical supplies and services, global cooperation and competition for resources, social upheaval, loss of life, and the light at the end of the tunnel… […]
Court sides with Asda workers in equal pay dispute
Shopworkers at Asda have won the latest stage in their fight for equal pay in a ruling that could lead to a £500 million (US$688 million) compensation claim and could have big repercussions for the supermarket sector. The supreme court has backed a 2016 employment tribunal decision that the supermarket’s retail staff, who are mostly […]
