Tag: pay

Coronavirus: Could UK adopt German pay top-up scheme?

Image copyright EPA Image caption Mercedes and other German carmakers have used government money to subsidise wages Unlike the UK, the Germans didn’t have to invent a job support programme from scratch when the pandemic struck: they already had one oven-ready. While British companies were getting to grips with the novelty of furloughing workers at the government’s expense, their German… Read more →

Sir Philip Green’s Arcadia ‘sorry’ after notice pay row

Image copyright Getty Images Sir Philip Green’s Arcadia retail empire has apologised after claims it would pay some head office staff only half of their notice pay. Arcadia, whose High Street brands include Topman, Topshop and Dorothy Perkins, said it was “extremely sorry”. All affected employees would get full pay, the firm said. The Unite union, which had threatened legal… Read more →

Germany extends coronavirus pay top-up scheme

Image copyright Reuters Germany has agreed to extend a scheme that tops up pay for workers affected by the coronavirus pandemic by another year. As well as prolonging short-term work subsidies, coalition parties also agreed to continue financial help for small and medium-sized companies. It was announced on Tuesday that the German economy contracted by a record 9.7% in the… Read more →

‘Raise sick pay’ to lower virus health and economic risk

Image copyright Getty Images Statutory sick pay should be increased and the furlough scheme extended on a flexible basis, new research suggests. Doing so would better manage a “crude” trade-off between lives and livelihoods as the UK economy reopens. These are two of the recommendations in a new report from the Royal Society. It says economic and health data should… Read more →

Bosses’ pandemic pay cuts ‘superficial’ says report

Image copyright Thinkstock The UK’s biggest listed companies have failed to address their bosses’ huge salaries during the coronavirus pandemic, a pay report claims. Despite some high-profile reports of executive pay cuts, these were mainly “superficial or short-term”, it says. Nor have firms addressed a culture of excessive bonuses,  says the report by the CIPD, the professional body for HR,… Read more →