Convenience store business A G Parfett and Sons has awarded its salaried workers a 7.5% pay rise to help with the rising cost of living.
The Greater Manchester-based employer, which employs around 850 members of staff, has also given its weekly-paid employees an increase of 9.6% to their hourly rates.
As part of the deal, the workforce was also given an extra day of paid holiday from this month, while the maximum allowance of additional unpaid holidays for full-time staff has been increased to 38 days.
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A G Parfett and Sons made this announcement in its annual results; its turnover rose by more than 6%, from £570 million to £605 million, following two record years.
Guy Swindell, joint managing director of Parfetts, said: “We have remained laser-focused on our customers over the last year and put in place a record number of promotions that have attracted a tremendous amount of interest. With the rising cost of business, retailers are having a tough time, and we are doing everything we can to help them maintain their margins.
“Everyone at Parfetts is pleased with the results for the year ended June 2022. It has been a year of consolidation following two record-breaking years, the business is now debt free, and has, once again, seen record sales being achieved despite having to continue to work through supply chain difficulties.”
Noel Robinson, joint managing director of Parfetts, added: “We continue to work closely with our customers to ensure that we are easy to do business with and support them wherever possible. All our hard-working employees deserve recognition for the fantastic service they deliver throughout the year. Once more, our trading performance has allowed our staff to benefit through our employee ownership bonus scheme and an exceptional cost-of-living bonus.”