UK supermarket chain Asda announced a 10% pay rise for 115,000 staff recently, the kind of increase likely to catch the attention of the Bank of England, which is worried about inflation pressure in the economy.
Asda said most of the pay rise would take place in April, with a further small increase in July. Hourly pay for most workers will rise to 11.11 pounds ($13.28) an hour from 10.10 pounds, while workers in the London area will see pay increase to 12.28 pounds an hour from 11.27 pounds.
Owners, UK supermarket, Asda, EG Group, considering merger,
Asda said the increase would cost it 141 million pounds in 2023, and had been agreed with the retail workers’ trade union Usdaw.—Reuters