Sainsbury's Staff Get Cut in the Climb to New Greatness ; Supermarket

Birmingham PostMay 17, 2007

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Summary


Sainsbury's has pledged to grow sales by pounds 3.5 billion within three years as it unveiled the next step in its plan to make the supermarket chain "great again".

The retailing giant announced a raft of new targets after beating expectations for full year results, reporting underlying profits up 42 per cent to pounds 380 million.

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Sainsbury's Staff Get Cut in the Climb to New Greatness ; Supermarket

Sainsbury's staff will share in the group's profits haul, with 118,000 employees set to benefit from a pounds 56 million bonus pot - an average payout of pounds 250 each.

But inve...

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