Marks & Spencer (M&S) has announced a pay rise for more than 40,000 of its staff, marking the second salary increase this year as the retailer responds to cost-of-living concerns.
The firm's minimum hourly wage currently stands at £10 after a bump up from £9.50 back in April, and will increase again to £10.50 from October 1.
These changes bring them well above the national minimum wage, and cost the business around £15 million. The retail giant will also hand a £250 M&S voucher to 4,500 employees at pre-management levels in its stores and support centres.
Staff at M&S are entitled to a number of benefits, including free everyday food items and sanitary products all-year round, the firm said. READ MORE: Alton Towers fans shocked by closure of one of its most popular roller coasters This announcement comes as the UK’s second largest supermarket chain Sainsbury’s unveiled a £25 million package last week, raising its minimum wage and offering free food during shifts.
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