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Marks & Spencer Increases Base Pay For Hourly-paid Colleagues - Quick Facts

Marks & Spencer (MAKSY.PK,MAKSF.PK,MKS.L) said, from 1st October, hourly pay of its 40,000 colleagues will be increased to a minimum of 10.20 pounds which follows an initial pay increase to 10.00 pounds in April. Combined, this represents an annual uplift of 7.4%, the Group noted.

Marks & Spencer has set out a 15 million pounds package to support its front-line colleagues in the cost-of-living crisis. The Group will provide its 4500 salaried colleagues at pre-management levels in its stores and support centres with a one-off 250 pounds voucher to spend at M&S. M&S is also launching a free meal per shift for colleagues at its Distribution Centre in Castle Donington.

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