LONDON, March 9 Tesco, Britain's
biggest retailer, is to reimburse 140,000 current and former
staff members up to 40 pounds ($48.6) each after discovering an
error in its payroll systems, it said on Thursday.
The supermarket group said it found the error during an
internal review conducted as part of the implementation of a new
payroll system. The total reimbursement costs are expected to be
9.7 million pounds.
"The review...found the voluntary contributions made by some
colleagues to benefits such as pensions, childcare vouchers and
cycle to work schemes, led to errors that resulted in their pay
after salary sacrifice not reaching National Living Wage
levels," Tesco said.
The firm said it has apologised to its staff and informed HM
Revenue and Customs.
($1 = 0.8228 pounds)
(Reporting by James Davey; Editing by Alistair Smout)