Stock Market News

Retailer Lidl UK raises staff pay for third time in 12 months

2024.05.10 04:35

Retailer Lidl UK raises staff pay for third time in 12 months

LONDON (Reuters) – The British arm of German supermarket group Lidl said it would lift wages by over 3% in June, giving thousands of workers a third pay rise in 12 months.

Lidl said on Friday it would raise pay for staff across Britain to 12.40 pounds per hour from 12 pounds per hour, while London-based staff would receive 13.65 pounds per hour, up from 13.55.

Pay rises at big employers like Lidl, which employs 32,000 people across Britain, are closely watched by the Bank of England, which said on Thursday it remains on guard because of still-strong growth in wages which add to inflationary pressure.

John Lewis and Co-op in March announced pay rises of 10% after the government raised the national living wage to 11.44 pounds an hour.

Lidl, part of Germany’s Schwarz retail group which is Britain’s the sixth biggest supermarket chain with an 8% share, said its latest increase would mean its staff continue to receive “industry-leading pay”.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 85,963.03 2.73%
ethereum
Ethereum (ETH) $ 2,349.53 4.74%
tether
Tether (USDT) $ 0.999396 0.00%
xrp
XRP (XRP) $ 2.21 3.33%
bnb
BNB (BNB) $ 615.35 1.25%
solana
Solana (SOL) $ 140.20 0.17%
usd-coin
USDC (USDC) $ 0.999982 0.02%
dogecoin
Dogecoin (DOGE) $ 0.207867 0.77%
cardano
Cardano (ADA) $ 0.664119 1.89%
staked-ether
Lido Staked Ether (STETH) $ 2,347.40 4.69%
tron
TRON (TRX) $ 0.227954 0.81%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,888.01 2.67%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,819.05 4.37%
chainlink
Chainlink (LINK) $ 15.49 1.76%
litecoin
Litecoin (LTC) $ 129.43 8.99%
avalanche-2
Avalanche (AVAX) $ 22.92 4.29%
sui
Sui (SUI) $ 2.92 2.15%
stellar
Stellar (XLM) $ 0.289434 0.50%
the-open-network
Toncoin (TON) $ 3.47 2.48%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 2.91%
leo-token
LEO Token (LEO) $ 9.21 1.91%
hedera-hashgraph
Hedera (HBAR) $ 0.200644 3.18%
polkadot
Polkadot (DOT) $ 5.00 5.55%
usds
USDS (USDS) $ 0.999957 0.03%
mantra-dao
MANTRA (OM) $ 7.29 4.22%
weth
WETH (WETH) $ 2,349.69 4.74%
hyperliquid
Hyperliquid (HYPE) $ 20.49 1.90%
bitcoin-cash
Bitcoin Cash (BCH) $ 299.48 1.83%
ethena-usde
Ethena USDe (USDE) $ 0.999054 0.02%
bitget-token
Bitget Token (BGB) $ 4.11 1.52%
uniswap
Uniswap (UNI) $ 8.10 1.30%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,492.68 4.71%
monero
Monero (XMR) $ 214.30 3.12%
whitebit
WhiteBIT Coin (WBT) $ 26.38 1.80%
near
NEAR Protocol (NEAR) $ 3.08 2.10%
aptos
Aptos (APT) $ 6.18 9.86%
pepe
Pepe (PEPE) $ 0.000008 3.48%
dai
Dai (DAI) $ 0.999975 0.01%
internet-computer
Internet Computer (ICP) $ 6.65 3.41%
ondo-finance
Ondo (ONDO) $ 0.997388 2.29%
aave
Aave (AAVE) $ 206.90 1.44%
bittensor
Bittensor (TAO) $ 364.42 1.21%
susds
sUSDS (SUSDS) $ 1.04 0.02%
ethereum-classic
Ethereum Classic (ETC) $ 18.97 0.80%
okb
OKB (OKB) $ 45.40 1.68%
gatechain-token
Gate (GT) $ 21.52 1.75%
official-trump
Official Trump (TRUMP) $ 13.22 2.47%
mantle
Mantle (MNT) $ 0.762906 3.70%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.32 8.36%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,954.03 2.76%