Barman serving a pint of beer
The world may have been scowling at pub overlords JD Wetherspoon of late, critiquing them for their widespread use of controversial zero-hour contracts but the company today looks like it may reverse all the ill feeling.
The company today announced its annual results that showed revenues rose 7% to £1.3bn, with staff now set to share a £28.6m bonus pot. Those on the minimum wage and zero-hour contracts will share a £22m bonus pile and will each get an average of £1,000 each.
An ambitious expansion plan has also been put in place, with JD Wetherspoon expecting to open 30 more pubs across the country.
Founder and chairman Tim Martin said he was thrilled with the results but lashed out at the tax system for making JD Wetherspoon pay out £632,000 in levies per pub.
“Our post-tax profit increased by £7.9m yet our taxes paid increased by £32.2m,” Martin said. “It is unsustainable to have far higher taxes for the pub industry than those for supermarkets.”
You need to read:
Mon, 16 Apr 2018
Mon, 26 Mar 2018
Mon, 4 Sep 2017