30,000 staff are set to benefit from a share of a £25m bonus pot after the
firm’s strong financial performance boosted its profit share scheme.
employee across the DIY chain’s 320 stores will receive a share of the bonus
money, equivalent to an 8.25 per cent pay rise, as long as they have been with the
company for more than six months.
minimum payment works out at around £785 for the least experienced staff up to
as much as £4,600 for store managers.
payments come on the back of a strong performance by parent company Kingfisher
which saw profits rise by14.3 per cent to £300m in the year to February 2002.
director Mike Cutt said the share incentive scheme is helping reward the hard
work of staff which has contributed to the company’s success.