Marks & Spencer announces bumper £15m pay package
Marks and Spencer have announced a £15m support package to help employees with the cost-of-living crisis, which includes pay rises and food vouchers.
The British high-street giant is also introducing an autumn pay review for the first time, while extending its benefits scheme for workers.
More than 40,000 workers will get a boost to their hourly pay to a minimum of £10.20, up from £9.50 in April of this year.
The 7.4 per cent annual uplift in salary means a full-time customer assistant will now earn more than £100 extra cash month, compared to October last year.
M&S will also give 4,500 salaried staff a one-off £250 voucher to spend in store, while base pay for workers is supplemented by a 20 per cent discount.
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