Britain's M&S gives store workers 5% pay rise
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Marks & Spencer (M&S) announced a 5% pay rise for its 50,000 retail workers, effective April 1, representing an investment of 95 million pounds ($122 million).
March 05, 2025 | 9:45 am
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NEUTRAL IMPACT
Marks & Spencer is increasing pay for 50,000 retail workers by 5%, costing £95M ($122M). This move may improve employee satisfaction and retention.
The pay rise is a significant investment in employee welfare, which could enhance worker satisfaction and retention. However, the immediate financial impact on M&S's stock price is likely neutral as the cost is balanced by potential long-term benefits.
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RELEVANCE 100