Ikea poised to hand 7,300 staff a Living Wage pay hike this week
Ikea staff are in line for a pay rise on Friday after the Swedish home furnishings giant pledged to introduce the Living Wage for all of its workers in the UK.
The flat-pack furniture retailer said all 6,100 co-workers will receive a minimum of £8.25 nationally and £9.40 in London, as set by the Living Wage Foundation.
This is higher than George Osborne’s new National Living Wage (NLW) of £7.20 an hour for workers aged 25 or over, which also comes into force on Friday.
Read More: The National Living Wage: A tax on hiring low-skilled workers
Ikea said 1,200 team leaders will also see a proportionate pay rise.
Pernille Hagild, Ikea UK’s country HR Manager, said: “Introducing the Living Wage is an investment we are incredibly proud to be making, particularly as our co-workers have told us about the real impacts and positive benefits this will have on their lives.”
“For example, co-workers have said that they will be able to save for a mortgage, help pay for their children’s university fees or extra-curricular school activities, pay the household bills and be able to travel and enjoy life more.”