street retailer MADAM has announced a £15m living package to support its staff as they face the winter in a UK economy wracked by inflation.
For the first time in its history, the chain will introduce an additional autumn pay review, while expanding welfare benefits for staff.
More than 40,000 M&S staff will receive an hourly pay rise of at least £10.20 from the start of October. which follows an initial pay rise to £10.00 – up from £9.50 – in April this year, representing a 7.4% pay rise.. The staff’s basic pay is already topped up with a 20% M&S discount on products.
The group said it would also provide its 4,500 salaried colleagues at pre-management level in its stores and support centers with a one-off £250 voucher to spend at M&S.
M&S will too is launching free shift meals for colleagues at its distribution center in Castle Donington.
Stuart Machin, boss of Marks & Spencer, said: “Whether you run a home or a business, everyone across the country is feeling the pressure of rising prices. We want to do everything we can to relieve that burden.
“Our colleagues are our greatest asset and we want them to be fully supported and rewarded for the outstanding contribution they make to M&S.”
The retailer said it already offers free everyday food and drink to fellow shoppers all year round.
This month, M&S also introduced free toiletries for colleagues across all stores and websites.
https://www.standard.co.uk/business/m-s-sets-out-ps15-million-employee-cost-of-living-package-b1027118.html
