Home Business NewsBusinessBusiness Growth News Sainsbury’s to hike hourly wage for 120,000 staff as part of a £200 million investment

Sainsbury’s to hike hourly wage for 120,000 staff as part of a £200 million investment

by LLB Finance Reporter
4th Jan 24 2:44 pm

Sainsbury’s has revealed that 120,000 staff will be receiving an hourly wage increase which is part of a £200 million investment.

The supermarket chain said that their staff salaries will increase from £11 per hour to £12 per hour in March.

From April the National Living Wage is to rise from £10.42 to £11.44 for 21 and 22-year olds.

The Chancellor Jeremy Hunt said it was “great to see Sainsbury’s rewarding hard work” with the nationwide pay increase for 120,000 staff.

Kantar data showed that in 12 weeks to 24 December Sainsbury’s hit their highest market share for three year at 15.8%, compared to 15.5% the previous year and sales climber 9.3%.

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Simon Roberts, the chief executive of Sainsbury’s, said, “Our colleagues do a brilliant job delivering for our customers every day and at the same time they are continuing to face the rising costs of living.

“So, in addition to investing to keep our prices low for customers, I’m delighted to confirm an industry-leading pay increase again this year for all our hourly paid colleagues.”

Bally Auluk, the national officer of trade union USDAW, said, “The continuing strong working relationship between USDAW and Sainsbury’s has resulted in an inflation-busting pay award of over 9%, despite inflation falling and following on from the significant pay increases over the previous couple of years.”

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