Harrods staff are reportedly facing the prospect of parts of the pay cut amid an overhaul on sales commissions.
According to a source speaking to The Daily Mail, the iconic department store’s staff could have their commissions slashed by 25 per cent from May.
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This means workers could potentially lose thousands of pounds in pay each year.
While the luxury retailer declined to provide details, it said it wanted commission and bonus schemes to “reflect future business requirements” with rewards linked to performance.
It added that bonuses would be “variable” but total earnings of most employees would be “broadly in line” with last year.
The news comes after Harrods achieved £2 billion in sales for the first time last year, which has been credited to an influx of tourist shoppers taking advantage of the weaker pound.
Group pre-tax profits last year also shot up from £39 million to £152 million.
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1 Comment. Leave new
Yes it is true they cut to 25 per cent less unless you achieve some targets, that are almost impossible because the targets are too high.