Belfast Telegraph

UK Website Of The Year

Marks & Spencer’s workforce could be hit by pay shake-up

By Ben Woods

Published 13/07/2016

M & S faces
M & S faces "tough decisions"

Marks & Spencer’s boss has said the retail giant — which has 18 stores in Northern Ireland — will face more “tough decisions” as he moves to shake-up staff pay.

Chief executive Steve Rowe branded the performance of its clothing and home arm “unacceptable” after last week reporting that like-for-like sales plummeted 8.9%. Mr Rowe added that he is changing M&S’s pay and pension scheme to make the firm more sustainable “in the long-term”.

In changes likely to hit its 1,000-strong workforce in Northern Ireland, the company plans to cut premium pay for Sundays, bank holidays and anti-social hours for close to 7,000 people, while 11,000 workers will be impacted by cuts to pension contributions.

The proposals will also see basic pay increased by 15% from next April to £8.50 an hour, benefiting 62,000 staff. Speaking to shareholders at Wembley Stadium, he said: “I know that it is a big ask for me to stand here today with a new set of ideas for you but trust me that things will be different this time.”

He told the company’s annual general meeting: “We will have to take some tough decisions along the way.”

Online Editors

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph