280 Nisa staff denied bonus despite meeting targets

285
Nisa Staff

Two hundred and eighty staff at Nisa’s head office in Scunthorpe have reportedly been denied their annual bonuses, despite reaching performance targets.

According to The Guardian, staff were informed last week that despite an 18 per cent rise in annual profits to £8.6 billion, no bonuses would be paid.

Last year the convenience store giant saw a £2.2 million pot shared among staff members, including a £300,000 bonus for its chief executive Nick Read.

The news comes as Nisa enters talks with the UK’s second largest grocer Sainsbury’s for a possible £130 million takeover bid.

READ MORE: Nisa posts profit boost as takeover looms

The move, thought to be a direct response to Tesco’s proposed merger with Booker, which owns Nisa’s key rivals Londis and Budgens, will ultimately depend on the outcome of a vote from Nisa’s 1400 staff members.

Details of the deal’s proposal have been kept quiet from both Sainsbury’s and Nisa bosses.

Nisa has numerous contracts with the convenience store chain McColls, gaining around a third of its sales from supplying its 1375 stores.

Although a source close to the deal told Retail Gazette that the “Sainsbury’s proposal is not conditional on Nisa retaining the McColls contract,” if the contracts are not continued following the proposed takeover, Nisa could take a major sales hit.

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