Sainsbury's to raise pay to £12.60 an hour

Published On Jan 10, 2025, 3:22 AM

Sainsbury's has announced a pay increase for its employees, raising the hourly wage from £12 to £12.60, effective by August. This decision is in response to rising inflation in the UK, which has been affecting costs across various sectors, especially retail. Sainsbury's expects a 7% rise in full-year profit, projecting over £1 billion in earnings, and reported a 2.8% increase in comparable sales for the holiday season, attributed mainly to food sales.