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Currys raises pay for third time in 13 months

Electrical retailer Currys has announced they are increasing their hourly pay for employees to help deal with the increasing cost of living. The new pay increase… View Article

RETAIL TECHNOLOGY NEWS

Currys raises pay for third time in 13 months

Electrical retailer Currys has announced they are increasing their hourly pay for employees to help deal with the increasing cost of living.

The new pay increase will bring the minimum hourly rate up to £10.35 across the UK and £11.43 for its London branches.

The announcement means Currys more than 10,000 employees across Britain will have their third pay increase in 13 months, bringing the total increase rate to 15.6%.

The announcement follows a review by Currys’ cost of living group, set up earlier this year, which is made up of senior managers from across the business.

Currys said “the current economic climate and feedback from colleagues” had led to the extra pay rise before its regular pay review in the spring, the results of which workers usually receive in August.

Alex Baldock, the group chief executive, said: “Every day I hear from colleagues who are feeling the impact of the rising cost of living and we’re determined to do what we can to help.”

The business is offering a discount of between 3% and 5% every week on shopping at major grocers such as Asda, Morrisons and Sainsbury’s and free counselling on budgeting.

The pay increase will come to effect on October 30.

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