Sainsbury's to Increase In-Store Staff Base Rate of Pay, But Cut In-Store Roles
March 06 2018 - 4:36AM
Dow Jones News
By Maryam Cockar
J Sainsbury PLC (SBRY.LN) said Tuesday that it will increase the
base rate of pay for its in-store employees, but will reduce the
number of in-store roles.
The supermarket group said it will invest more than 100 million
pounds ($138.2 million) in its in-store staff, which will include
increasing the base rate of pay to GBP9.20 an hour from GBP8 an
hour. Staff working in zones one and two in London will see the
base rate increase to GBP9.80 an hour, it said.
FTSE 100-listed Sainsbury's said it will also reduce the number
of in-store roles to five from 22, and will remove colleague
bonuses and paid breaks.
Simon Roberts, Sainsbury's retail and operations director, said
the proposed changes will ensure the company retains staff in a
competitive retail environment.
At 0950 GMT, shares in Sainsbury's were down 5.50 pence or 2.2%,
at 247.40 pence.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
March 06, 2018 05:21 ET (10:21 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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