And finally…500 Scots workers a Schuh-in for share of £25m bonus
More than 500 workers at Livingston-based footwear firm schuh are set to share in a £25m profit-related bonus.
The happy workforce is in line for the payouts after the company announced annual profits of more than £11.5m.
The amount each of the company’s 3,500 UK workers receives will depend on their length of service and annual salary, but typically, a full-time sales advisor on an annual salary of £14,000 and with five years’ service will get a bonus of £3,000.
And a full-time store manager with a £34,000 salary and 10 years’ service will receive £14,000.
The bonus was agreed as part of a deal with Tenessee-based Genesco Inc. to buy the company for £125m in 2011.
At the time of the takeover schuh, which has 111 shops around the UK, gave staff a £37.3m share of the deal.
Colin Temple, chief executive of schuh, said: “Despite real challenges for all high street retailers, schuh is going from strength to strength.
“The success of our business is based on the hard work and dedication of our people and there is no better way to thank them than to let them know today that we are sharing £25m throughout the business.”