Sunday 12 January 2020

Greggs Bonus

Thousands of Greggs staff are set to get a £300 one-off payment after a "phenomenal year", the firm said. Sales growth had been helped by strong demand for its traditional snacks and Greggs' "now iconic" vegan sausage rolls, the bakery chain said. Greggs staff will share a £7m payment after shareholders received a £35m special dividend in October.he 19,000 Greggs staff who have been with the chain since before 31 March will get a £300 windfall at the end of January, while the remaining 6,000 will get £75 for each quarter they have worked for Greggs. The one-off payment to staff will be on top of the profit-sharing scheme that Greggs already has, a spokeswoman said. The bakery chain already shares 10% of profits with employees, she said. It isn't uncommon for workers to benefit from a share in the profits. Other UK retailers that have staff bonus schemes include John Lewis and Waitrose, Sainsbury's, and Sports Direct for shop floor workers. Maureen Hinton, global retail research director at GlobalData, said offering a staff bonus reflected a growing trend amongst firms to want to appear ethical.