Asda Employees to share GBP27m Bonus following Sales Boost

Asda is set to reward staff at its supermarket stores and depots across the UK with a £26.9 million bonus payout this week.
The grocery retailer has confirmed that it will split the annual bonus among staff who have been employed at the company for at least six months on Friday (February 25th).
Full-time workers at any of Asda’s 386 stores and 19 distribution depots will each receive a bonus of to £350, while more than 20,000 colleagues working at stores or depots that beat their annual performance targets will be rewarded with a ‘superbonus’ of around £437.
Asda president and chief executive Andy Clarke said: “There is no doubt in my mind that the staff working in our stores and depots are the heroes of our business. They have worked incredibly hard this year to deliver the best for our customers – taking everything from the difficult economic climate to the great British weather in their stride.”
“Our bonus payout is directly linked to our stores’ performance, so to be able to offer a bonus to our colleagues during challenging times, is testament to the fact we are giving consumers what they want – quality, value and service every day.”
The bonus announcement came as Asda revealed a 1.6 per cent rise in like-for-like sales, excluding VAT, for the fourth quarter of 2010.
The Walmart-owned retailer said sales were boosted by the launch of its 10 per cent cheaper price guarantee scheme, which has already been taken up by some 800,000 customers since the start of the year.