Countdown increases fair pay with ‘unprecedented’ 19%

Countdown increases fair pay with ‘unprecedented’ 19%
Countdown managing director Spencer Sonn believes fair pay will lead to productivity gains. (Image: Countdown)
Jem Traylen
Countdown hopes a 19% pay rise over two years, along with other new benefits will convince staff they can have a career with the supermarket chain.Managing director Spencer Sonn told BusinessDesk the new collective agreement for an average $4 per hour pay increase would get people’s attention.“If you look at the numbers, they’re pretty unprecedented: 19%, over two years, 12% in the first year, and 7% in the second is probably going to catch the eye of many.” He said the agreement recognised their team for the work t...

More Retail

Sustainable Foods placed into liquidation
Retail

Sustainable Foods placed into liquidation

The maker of plant-based food was backed by All Black TJ Perenara.

Staff reporters 28 Nov 2024
Kmart NZ’s revenue nears $1 billion
Retail

Kmart NZ’s revenue nears $1 billion

The Australian-owned retailer's profits are up 52.2%.

Gregor Thompson 27 Nov 2024
Former Warehouse boss' $2.2m golden parachute
Retail

Former Warehouse boss' $2.2m golden parachute

Former CEO's payout included a discretionary payment of three months’ notice in lieu.

Gregor Thompson 26 Nov 2024
The Warehouse’s plan to come back ‘with a vengeance’
Retail

The Warehouse’s plan to come back ‘with a vengeance’

Executives face tough questions at the retailer’s AGM.

Victoria Young 22 Nov 2024