Yell for a windfall

Staff
at directory publisher Yell are each set to receive at least £600 when the
company floats on the London stock market next month.

The
firm employs around 7,500 staff and most are eligible for the payout as part of
the move, expected to raise around £750m.

However,
staff who joined the firm after March this year are exempt from process.

Around
120 senior managers could gain more than the basic payout as part of the deal
at the world’s fifth biggest directory operator.

www.yell.co.uk

By Ross Wigham

Comments are closed.