×
1 259
Fashion Jobs
VANS
Account Coordinator - French Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
Tom Ford - Business Manager - Selfridges, Birmingham - 37.5 Hours - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Marketing Executive, Tom Ford Beauty, Kilian, Darphin And le Labo - Travel Retail Emea (Based London)
Permanent · London
ESTÉE LAUDER
Corporate Account Executive, Lagardere, Dfs, Inflight And Aquatic - Travel Retail Emea (Based London)
Permanent · London
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
Published
Apr 3, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Primark boss takes 50% pay cut as pandemic lockdown continues

Published
Apr 3, 2020

Primark became the latest retailer on Friday for its leaders to show solidarity with its workforce as parent company Associated British Foods announced a pay cut for bosses.


Photo, Sandra Halliday


It said the top ABF directors would see their base pay temporarily reduced by 50% and the chief executive of Primark, Paul Marchant, has asked for his base pay to be cut by half too.

ABF also said that bonuses relating to the current financial year won't be paid to its executive directors and the non-executive directors of its board have decided that their fees should be reduced temporarily by 25%.  

Primark is the part of the ABF business that's suffering the most with the group having earlier said that its foods operations have been relatively unscathed so far. 

The director pay cuts come amid an unprecedented crisis for global economies, in which both consumers and the governments who are having to think of solutions to the crisis, are expecting company bosses to make sacrifices. Given that many governments are subsidising worker salaries, as well as introducing other financial measures, there is huge pressure on management teams to be seen to be doing their bit. 

This has led a number of companies to announce pay cuts temporarily for the executive team, including Frasers Group and Arcadia this week.

Copyright © 2022 FashionNetwork.com All rights reserved.