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Latest News

Bonus bonanza at Admiral as staff pocket thousands

by Personnel Today 23 Sep 2004
by Personnel Today 23 Sep 2004

Staff at insurers Admiral are set to receive a windfall of
about £37,000 as the company prepares to sell off a 10 per cent stake.

Admiral,
which also incorporates car insurers Diamond and Elephant.co.uk, is part owned
by its 1,500 employees.

The
size of each windfall will depend on the price of shares, seniority and length
of service. Some staff could receive hundreds of thousands of pounds.

The
decision to float comes five years after Admiral was sold to its management
team in a buyout bid backed by Barclays Private Equity.

By
Hannah Moffatt

 

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Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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