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Iceland staff share in success with record £14.6m pay rise
Iceland has announced what it describes as an industry-beating pay award of nearly £15 million to its 22,000 front-line store and home delivery staff, with many employees will receive a basic pay increase of 5%.
In addition, employees will benefit from moves to simplify the company's pay structure, which will include the abolition of its lower pay rate for staff under the age of 18 and the introduction of a new premium rate for all stores within the M25. Store staff will enjoy an average pay increase of 6.3%, with a maximum increase of 45.5%. Home delivery staff will see an average pay increase of 13.1% and a maximum increase of 22.1%.
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