Starbucks to raise wages for UK employees: FT
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] Starbucks Corp, the world's biggest coffee chain, promised to raise the average wage for its UK staff to just under 8 pounds (S$17.4) an hour from November regardless of age, the Financial Times reported.
Starbucks will also offer interest free loans to help staff pay deposits on their housing, the Financial Times reported. British Finance minister George Osborne had made a surprise announcement in July that a new compulsory National Living Wage for workers aged over 25 would be introduced in April. The new wage rate would be set at 7.20 pounds an hour.
Starbucks's announcement comes a week after German-owned discount supermarket Lidl said it would increase pay for thousands of its staff in Britain by at least 12 per cent.
Starbucks could not immediately be reached for comment.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
