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Wednesday May 14, 2008

Sainsbury’s staff share windfall

Sainsbury's staff are to share a £47m bonus, after the supermarket group met a string of three-year targets under a "Making Sainsbury's Great Again" scheme, launched in 2005 to turn around the chain's profits. The supermarket's total sales for the year to 22 March had risen by 5.8 per cent to £19.3bn but pre-tax profits were flat at £479m. Sainsbury's entire 117,000 staff will receive an average payout of £401 each.

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