"From 1 April, the high street chain will boost wages for retail staff by at least 6.4 per cent, setting new rates at 13.41 an hour nationwide, or 14.74 per hour for those based in London. These revised figures mean the retailer will offer rates above the national minimum wage, which is set to rise to 12.71 an hour for those aged 21 and over across the UK from the same date."
"However, M&S's new pay structure no longer aligns with the real living wage, a voluntary benchmark calculated to reflect the true cost of living. This standard is currently 13.45 an hour across the UK and 14.80 in London."
"Shareholder activist group ShareAction has called on M&S to reinstate its pay in line with the real living wage, describing it as 'vital for workers' livelihoods'."
Marks & Spencer announced a 6.4 percent wage increase for its 55,000 store employees effective April 1, raising rates to 13.41 per hour nationally and 14.74 per hour in London. While these new rates exceed the UK national minimum wage of 12.71 per hour, they fall below the real living wage benchmark of 13.45 per hour nationally and 14.80 in London. The retailer has withdrawn its previous commitment to align wages with the real living wage standard, which reflects the true cost of living. ShareAction, a shareholder activist group, has called on M&S to reinstate real living wage alignment, emphasizing its importance for worker livelihoods.
Read at www.independent.co.uk
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