Nestlé increases minimum wage | RetailDetail

Nestlé increases minimum wage

Nestlé increases minimum wage

Nestlé has become the UK's first company that will increase the minimum wage to above the minimum wage the government enforces, even though its effects may not be immediate.

Three more years for contracted staff

The current minimum wage in the United Kingdom is 6.31 pounds per hour (7.9 euro), but Nestlé has now promised to pay its employees 7.65 pounds per hour (9.5 euro), while its employees in London will get at least 8.8 pounds per hour (nearly 11 euro) as life there is more expensive.


The company has also promised to pay minimum wages to graduates, interns and school-leavers in its Fast Start program, but according to a company spokesperson, it may take up to three years before it contracted staff (some 800 in the United Kingdom) will reap the benefits of this increased minimum wage as contractor firms have until December 2017 to conform to its new rules.


"The right thing to do"

"As a major UK employer, we know that this is the right thing to do. Not only does it benefit our employees, but also the communities they live and work in", Fiona Hendrick (Nestlé UK & Ireland CEO) told British paper The Telegraph.


There's an increasing amount of pressure on the minimum wage in the United Kingdom. Only last week, 33,000 Tesco employees signed a petition asking for a higher minimum wage and Nestlé is the first large company that has independently decided to raise the minimum wage it pays.

Questions or comments? Please feel free to contact the editors

Dior exchanges Belgian CFO for British one


After eleven years as Dior Homme’s Chief Creative Officer, Belgian Kris Van Assche is to leave the fashion label to find new challenges. British designer Kim Jones will replace him.

Suitcase brand Rimowa cancels all dealer contracts


Suitcase brand Rimowa, part of luxury group LVMH since 2016, has stopped all of its dealer contracts. It wants to initiate a new procedure soon and only a fraction of the current dealers will get a new contract.

H&M disappoints once again


Swedish fashion chain Hennes & Mauritz had to present less than favourable results for its new fiscal year: investor trust has dwindled, now that sales in its home territory have also dropped for the first time in decades.

Bureau of Competition approves Yoox Net-a-Porter bid


The Italian Bureau of Competition has approved Swiss Richemont’s acquisition of Italian fashion webshop Yoox Net-a-Porter. The full bid, yet to be accepted, values the company at 2.7 billion euro.

Donatella Versace stops using fur


Italian fashion brand Versace will no longer use fur: designer Donatella Versace no longer wants to kill animals for fashion, she explained in an interview with The Economist.

"Best year ever" for Danish shoe brand Ecco


Ecco can look back on 2017 as its best financial year ever. The Danish shoe brand, known for its “follow the foot” philosophy, exceeded its own expectations thanks to an 8 % growth.

Back to top