Pandora pays £ 500,000 extra salary to its UK staff as it fights to retain them as vital Christmas time approaches
Pandora will grant a pay rise of £ 500,000 to its UK staff as it fights to keep them as the vital Christmas season approaches.
The Danish jewelry brand, whose advertising campaigns were spearheaded by Stranger Things star Millie Bobby Brown, will today announce a 6 percent pay hike for its 1,200 UK employees.
This will increase the hourly wages of the lowest paid store staff from £ 8.91 to £ 9.50 outside London, adding £ 1,070 to the annual salary of a full-time worker. In London, wages will drop from £ 10.25 to £ 10.85, adding £ 1,100 to wages.
Out of This World: Pandora’s advertising campaigns were led by Stranger Things star Millie Bobby Brown (pictured)
Rasmus Brix, Managing Director of Pandora UK & Ireland, said: “We need to retain and hire more people. We offer very competitive conditions. ‘
After a series of problems, companies are struggling with the worst staffing shortages since the late 1990s.
Pandora, which has more than 160 stores in the UK, made a profit of £ 282.7million last year, up from £ 434million in 2019, with a turnover of 2.1 billion sterling, up from £ 2.4 billion the year before.
He expects revenue to reach £ 2.5bn in 2021.