Home Business News Ikea to invest £10 million into staff pay rises for 2024

Ikea to invest £10 million into staff pay rises for 2024

by LLB Finance Reporter
5th Dec 23 10:19 am

Ikea have announced plans to invest £10 million for UK staff pay rises for 2024 taking the hourly salary to £12 and for workers in London they will be paid £13.15.

The new Ikea 2024 salary will be more than the national living wage which will rise in April 2024.

The Swedish furniture company are set to give eligible staff this year a bonus worth around a month’s pay, which will cost Ikea £25.6 million.

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The company announced that over the last financial year they made €41.7 billion in retail sales.

Darren Taylor, people and culture manager for Ikea UK, said, “At Ikea, we’ve always been committed to caring for our co-workers, particularly during challenging times, which is why we’re announcing further investment to enhance their financial stability and security.

“Although we see inflation starting to ease, the cost of living continues to have a very real impact.”

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