Asda store and depot colleagues to share record Â£26M bonus - as the retailer announces 6,000 new jobs for 2010
- Up to £437.50 bonus paid to full time store and depot colleagues
- £129 million windfall paid since Walmart acquisition in 1999
- 6,000 new job opportunities in 2010
- 1 million more customers through the doors in 2009
- Ambitious global sourcing plans aim to leverage Walmart buying strength
On the day that Walmart releases its full year results, Asda today announced that a successful 2009 means its store and depot colleagues will share a record £26 million bonus pot – 18 per cent higher than last year’s payout.
The retailer also committed to creating 6,000 new jobs in 2010 as part of a programme of recruitment to accommodate ten new store openings and ten store extensions.
Asda’s success in 2009 was primarily driven by an increase in customer numbers and higher average basket spend, after successfully broadening its appeal and welcoming one million more people through its stores each week.
For the fourth year running Asda store and depot colleagues will be rewarded for their hard work with a bonus payout of up to £437.50. The windfall, which is paid to colleagues on 26 February, will be distributed amongst those with more than six months service working in Asda’s 371 stores and 21 depots across the UK.
The best performing stores in each country were Asda Rayleigh (England) Asda Enniskillen (Northern Ireland) Asda Girvan (Scotland) and Asda Pwllheli (Wales) – who all exceeded their sales plans and posted record growth.
In addition to the bonus payout, Asda announced today that it will create more than 6,000 new jobs, building on the 20,000 full and part time jobs that have been created in the last three years as the retailer has continued to grow and be recognised as one of the best places to work in the UK.
These new jobs will not only increase the level of service on the shop floor but will also provide stepping stones into management positions for many existing hourly paid colleagues.
Chet Kuchinad, people director at Asda said:
“To announce a record bonus payout and the creation of thousands of new jobs in a challenging economic environment is testament to the successful year that we have had here at Asda.
“This success is absolutely down to the continued hard work and commitment of all of our store and depot colleagues who have once again gone above and beyond to deliver fantastic service and every day low prices to our customers’ week in, week out.
“On top of this we are continuing to recruit on a large scale in 2010, with thousands of new opportunities to join Asda this year. With one of the lowest turnover rates in British retail, we have an incredibly motivated and experienced workforce and are looking forward to expanding this in 2010.”
Later this morning Asda will outline how this year it will further leverage Walmart’s buying strength in 2010.
Asda will be an integral part of Walmart’s plans to lower costs through its new Global Merchandising Centres, leveraging the company’s global scale in both general merchandising and global food sourcing. Asda’s fresh produce business – International Produce Limited (IPL) – will also play a key role in reducing prices on imported produce such as melons, stone fruit and grapes. Now a wholly-owned subsidiary of Walmart, it will also buy in greater volume for stores in the worldwide Walmart family, helping to lower prices for Asda shoppers.
Asda president and CEO Andy Bond said;
“We’re putting the right structure in place to generate significant savings to customers over the years ahead, powered by our unique relationship with Walmart.”
Andy Bond will announce the retailer’s full year results today at 12pm. He will also be hosting a customer web chat online at www.asda.com/yourasda from 2pm.