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Britain’s M&S raises staff pay for second time in 2022
2022.09.21 06:20
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© Reuters. FILE PHOTO: A Marks and Spencer (M&S) logo is seen on the outside of a store in Cheshire, Britain August 18, 2020. REUTERS/Jason Cairnduff
LONDON (Reuters) – Marks & Spencer (OTC:) on Wednesday became the latest British retailer to again raise pay for store workers amid a cost-of-living crisis and a tight labour market.
The clothing and food group said that from Oct. 1 more than 40,000 workers will see their hourly pay increase to a minimum of 10.20 pounds ($11.57). The additional autumn pay review follows an initial pay increase in April to 10.00 pounds an hour from 9.50 pounds.
M&S said its new package to support workers would cost it 15 million pounds.
($1 = 0.8818 pounds)
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