Recent M&S proposals threaten to cut staff premium rates of pay for working Sundays, bank holidays and unsocial hours, and close the company’s final-salary pension scheme.
11,000 of M&S’s most loyal employees, many with over 14 years’ service, are set to see a serious pay cut.
Birmingham Erdington MP Jack Dromey has written to Mr Steve Rowe, Chief Executive, Marks and Spencer, on behalf of Birmingham workers to challenge the pay cuts. Labour MP Siobhain McDonagh has led a campaign against the changes, including a petition that has received nearly 100,000 signatures to date. You can sign the petition by clicking here
Jack Dromey, Labour MP for Birmingham Erdington, said:
“The pay cuts proposed by M&S will leave thousands of workers out of pocket, including some of my own constituents.
I am shocked that such a high profile company, which promotes itself as an employer committed to the welfare of its staff, should attempt to introduce these changes in a manner which is totally against the spirit of the new National Living Wage.
Some of M&S’s most loyal employees are set to see pay cuts.
I believe it to be absolutely wrong that M&S appear to be prioritising shareholder returns at the expense of its hardworking employees. How could M&S announce these proposals at the same time as giving shareholders not only an increased dividend but also a one off special dividend?
I would expect this behaviour from Sports Direct, not M&S.”