Tom McGhie, Financial Mail - 27 May 2007

Strike may empty Tesco shelves


Leaders of Unite, the country's largest union, plan to ballot members next week in a dispute over changes in contracts for their members at Tesco's depot in Livingston, West Lothian. Livingston's Labour MP, Jim Devine, called for a one-day boycott of Tesco for threatening to sack drivers who refused to sign new contracts. The drivers, who earn up to 25,000 a year, walked out on Thursday and were due to return to work today. The union said the new contracts would mean workers losing between 3,000 and 6,000 a year and the derecognition of the union. The changes are being implemented during the move of the depot 500 yards down the road.

According to union organisers, only 25% of the normal consignments of groceries and supplies were leaving the Livingston depot as the strike started to bite. It also said that the prospect of a national ballot was very real. Ron Webb, the union's national secretary for transport, who was on the picket line at Livingston last week, said: 'As things stand, we'll be starting a national ballot of our members across the other distribution sites. 'Tesco is being hit by the Livingston strike and is in denial about what it is all about. We will start the national ballot unless the company commits to meaningful talks.'

Tesco denied that any drivers were losing their jobs and instead claimed that jobs were being created. It said that 450 of the 600 workers had accepted the deal. Distribution director Laurie McIlwee said that there would be no change to the contractual pay of any driver who moved from the old contract to the new one.




TESCO'S latest womenswear collection has come under fire for being too expensive and unfashionable, writes Teena Lyons. A report from analyst firm Piper Jaffray said that Tesco's prices were 48% more expensive than Asda's and 56% dearer than Primark's. It also said that the range was 'unable to fully interpret and exploit key fashion trends'. Tesco's Terry Green disputed the claims and said: 'We are looking at the more aspirational market.'

Hey, e t, any danger of you posting a positive story about this company?

Tesco's warning from US unions !!!

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Tesco Outperforms FTSE After Surprise Garden Center Bid

Link Here

You're obviously not tuned in -

"Sir Tom Hunter thought to be in last-ditch talks with rival retailers to see if he can find a way to scupper Tesco's 156 million takeover of Dobbies"

- which means, if Tesco wants Dobbies it will cost them a lot more than is presently on the table.

Sir Tom Hunter, the Scottish entrepreneur, is forming a consortium to mount a counter-bid for Dobbies

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He has also got a little time to mull his options. It is 21 days from last Friday to the first closing date for the Tesco bid.

TICK TOCK TICK TOCK :)

TESCO delivery drivers involved in a three-day strike earlier this month have done a U-turn and accepted new terms and conditions.

All of the 70 workers who refused to agree the new deal over fears that overtime and other payments would be lost changed their minds over the weekend and yesterday.

http://news.scotsman.com/edinburgh.cfm?id=917662007

I am a shareholder.

Tesco is a superb company with a social conscience and should be seen as the best example of food and other consumer goods retailing.

All shareholder should support the board and oppose any rediculous suggestion otherwise.

If only the politicians could run our govenment as wisely and efficiently.---If only.

i say fuck the estate agents..hope tesco wipe the crooks out