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Pay growth

  • Rolls-Royce boss ‘Turbo Tufan’ gets backing for £18m pay packet

    Markets

    The boss of Rolls-Royce looks to have secured the shareholder backing for a multi-million pound pay bump. Tufan Erginbilgic, who took charge of the firm at the start of 2023, is set to win approval for a £18m pay packet, which will see his annual bonus entitlement increase from two to three times his base [...]

    Rolls Royce CEO Tufan Erginbilgic in a business setting, wearing a suit, discussing corporate strategy and leadership vision
  • John Lewis boosts staff pay despite losses

    Retail

    Retail giant John Lewis has announced a £108m investment in staff pay despite losses at the retail giant tripling over its last financial year.  The John Lewis Partnership, which also owns supermarket Waitrose, announced on Wednesday it will hike shop floor pay by 6.9 per cent, which it says will boost the pay packet of [...]

    John Lewis Partnership and Waitrose executives discussing strategic plans in a boardroom setting

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