1 928
Fashion Jobs
PORTMANS
Planner - Portmans
Permanent · MELBOURNE
L'OREAL GROUP
Supply Chain, Operations & IT HR Manager
Permanent · MELBOURNE
L'OREAL GROUP
Business Consultant - Redken & Pureology
Permanent · MELBOURNE
SSC WATCH & JEWELRY
Human Resource Business Partner
Permanent · SYDNEY
TIFFANY & CO
Visual Merchandising Specialist | Full-Time | Melbourne
Permanent · MELBOURNE
FASHION GROUP
Senior Human Resources Manager, Oceania
Permanent · SYDNEY
TIFFANY & CO
Visual Merchandising Manager, Anz | Full Time
Permanent · SYDNEY
TIFFANY & CO
Operations Coordinator | Full-Time | Collins Street
Permanent · MELBOURNE
JUST JEANS
Product Manager - Just Jeans
Permanent · MELBOURNE
JUST JEANS
Junior Product Manager - Just Jeans
Permanent · MELBOURNE
HENKEL
Sales Representative (Nsw)
Permanent · CHATSWOOD
HENKEL
Sales Representative (Vic/Tas)
Permanent · MELBOURNE
PETER ALEXANDER
Supply Coordinator - Peter Alexander
Permanent · MELBOURNE
MYER
Account Manager
Permanent · DOCKLANDS
LORNA JANE
Regional Leader - sa
Permanent · ADELAIDE
LORNA JANE
Regional Leader - sa
Permanent · ADELAIDE
MYER
Cosmax Fragrance Consultant
Permanent · MIRANDA
ADIDAS
Manager, Trade Marketing Activation (Melbourne)
Permanent · MELBOURNE
PETER ALEXANDER
Product Supply Coordinator - Peter Alexander
Permanent · MELBOURNE
FOREVER NEW
Inventory Coordinator
Permanent · MELBOURNE
LORNA JANE
Warehouse Coordinator
Permanent · EAGLE FARM
ESSILORLUXOTTICA GROUP
Regional Sales Manager | Adelaide (sa)
Permanent · ADELAIDE
Published
Apr 3, 2020
Download
Download the article
Print
Text size

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 © 2024 FashionNetwork.com All rights reserved.