Sainsbury's staff lose bonus, boss gets free shares

Sainsbury’s today handed new boss Justin King free shares worth £1.4m (€2.1m) - just as staff discovered their Christmas bonus was being scrapped.

Sainsbury's staff lose bonus, boss gets free shares
Fri, 21 May, 2004 - 13:38

Sainsbury’s today handed new boss Justin King free shares worth £1.4m (€2.1m) - just as staff discovered their Christmas bonus was being scrapped.

The British supermarket chain confirmed it won’t be offering staff a £100 (€148.70) goodwill payment in December for the first time in 25 years as it focuses investment on a trading revival.

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