Asda To Share GBP15m Performance-Related Bonus With Staff Members

Fri, 26 Jan 2007
 
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Asda announced plans to pay its 123,000 store and depot workers a share of £15 million worth of an annual performance-related bonus.

All of the retailer’s employees who have worked throughout the company’s 335 and 24 depots for more than six months will share the huge bonus payments .

The news is a boost to staff members that had missed out on last year’s bonuses because of the overall poor performance by the company .

In a hugely successful year for the retailer more than 40,000 employees have either hit or out performed their targets, which results in them being able to pocket between 100 per cent and 120 per cent of their annual bonus entitlement.

Asda announced that this year’s average payout for a full time staff member would be £174 in, with some workers in line for much more.

Asda said it has paid out more than £85 million in bonus payments since the annual performance-related bonus scheme was introduced in 2000 after Asda became part of the Wal-Mart Corporation .

"It’s the hard work and enthusiasm of our colleagues that has made the business such a success this year and helped us win over so many new customers," said Andy Bond, Asda’s chief executive .

National officer for GMB members in Asda’s stores, Jude Brimble said, "GMB members in Asda will welcome the fact that this year, workers in all the stores and all the depots will get a share of the bonus."

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