IKEA has revealed plans for a pay increase for employees in Ireland, with the hourly rate now rising to €13.85.
The salary increase follows the recommendations of the Living Wage Technical Group (LWTG) and will take effect from January.
The LWTG, which was established in 2014, tracks changes in the cost of living to calculate an hourly rate that provides a “socially acceptable standard of living”.
The group is supported by various charities, unions and educational institutions.
This living wage increase will see Ikea workers receive an average wage increase of 6%.
The Swedish retailer also said that eligible members of its Irish team would receive a bonus before Christmas.
Ikea has also doubled the staff discount to 30%. This discount can be used on the company’s home furnishings range, as well as the in-store food market.
“Recognising the increasing challenges brought by the rising cost of living, we are pleased to share some of the additional measures we are taking to ensure needs are met; and hope that it will ease some of the pressures of the current climate,” said UK and Ireland deputy country manager Marsha Smith, reports Independent.
In October, discounter Lidl also revealed plans to pay the minimum wage of €13.85 an hour from January.
Last week, the Ingka Group, owner of Ikea stores, reported a 9% increase in its annual operating profit after introducing a series of price increases to offset increases in raw materials, energy, transport and Logistics.
Tell us your thoughts in the Facebook post and share this with your friends.