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Tesco has announced that long serving members of staff are on ‘inflexible contracts’ and are demanding that they take wage cuts. Tom Moran, the People Before Profit General Election candidate, has claimed: “This move reflects the true nature of the Irish recovery — it is being built on a low wage economy. About 1,000 members of Tesco staff are affected and it would mean a cut of €2.35 (16.5 per cent) per hour for workers earning €14.31. Over a whole year, it would lead to a minimum reduction of €6,591 per worker."