UK retailer Tesco faces £4 billion claim over unequal pay for women

Lawyers argue that Tesco’s in-store employees, who are largely women, are paid far less than those in the male-dominated distribution centers, even though their work is of equal value to the company.
Updated 07 February 2018
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UK retailer Tesco faces £4 billion claim over unequal pay for women

LONDON: British supermarket chain Tesco is facing legal claims that it is paying women less than men for work of equal value, in a case that lawyers estimate could ultimately cost it as much as £4 billion (SR20.9 billion) in compensation payments.
Law firm Leigh Day said Wednesday it has begun filing claims with the employee conciliation service Acas on behalf of 100 women, but the case could eventually apply to more than 200,000 Tesco workers.
“We believe an inherent bias has allowed store workers to be underpaid for many years,” said Paula Lee of Leigh Day. “In terms of equal worth to the company there really should be no argument that workers in stores, compared to those working in distribution centers, contribute at least equal value to the vast profits made by Tesco.”
The lawyers argue that in-store employees, who are largely women, are paid far less than those in the male-dominated distribution centers, even though their work is of equal value to the company.
Tesco said it had not yet seen the claim, but that it works hard “to make sure all our colleagues are paid fairly and equally for the jobs they do.”


‘Get prices down’ Trump tells OPEC

Updated 20 September 2018
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‘Get prices down’ Trump tells OPEC

  • Trump highlights US security role in region
  • Comments come ahead of oil producers meeting in Algeria

LONDON: US president Donald Trump urged OPEC to lower crude prices on Thursday while reminding Mideast oil exporters of US security support.
He made his remarks on Twitter ahead of a keenly awaited meeting of OPEC countries and its allies in Algiers this weekend as pressure mounts on them to prevent a spike in prices caused by the reimposition of oil sanctions on Iran.
“We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices!” he tweeted.
“We will remember. The OPEC monopoly must get prices down now!”
Despite the threat, the group and its allies are unlikely to agree to an official increase in output, Reuters reported on Thursday, citing OPEC sources.
In June they agreed to increase production by about one million barrels per day (bpd). That decision was was spurred by a recovery in oil prices, in part caused by OPEC and its partners agreeing to lower production since 2017.
Known as OPEC+, the group of oil producers which includes Russia are due to meet on Sunday in Algiers to look at how to allocate the additional one million bpd within its quote a framework.
OPEC sources told Reuters that there was no immediate plan for any official action as such a move would require OPEC to hold what it calls an extraordinary meeting, which is not on the table.
Oil prices slipped after Trumps remarks, with Brent crude shedding 40 cents to $79 a barrel in early afternoon trade in London while US light crude was unchanged at about $71.12.
Brent had been trading at around $80 on expectations that global supplies would come under pressure from the introduction of US sanctions on Iranian crude exports on Nov. 4.
Some countries has already started to halt imports from Tehran ahead of that deadline, leading analysts to speculate about how much spare capacity there is in the Middle East to compensate for the loss of Iranian exports as well as how much of that spare capacity can be easily brought online after years of under-investment in the industry.
Analysts expect oil to trend higher and through the $80 barrier as the deadline for US sanctions approaches.
“Brent is definitely fighting the $80 line, wanting to break above,” said SEB Markets chief commodities analyst Bjarne Schieldrop, Reuters reported. “But this is likely going to break very soon.”