DAME ELLEN IS NOT TO BLAME FOR STAFF BONUS NON-PAYMENT

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DAME ELLEN NOT TO BLAME FOR LACK OF STAFF BONUS  -  31 March 2005

DIY chain B&Q says reports that its sponsorship of Dame Ellen MacArthur has meant staff bonuses are being withheld are “absolute rubbish”.

The company has recently reported profits of over £400m, and some employees said they had been expecting a large windfall following the announcement. A B&Q spokesperson says there is no correlation between the £5m sponsorship deal and discretionary bonuses, which haven’t been paid this year because of disappointing sales figures. The company also says £20m was paid in bonuses during the last financial year, and the same sponsorship deal was still in place then.

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Ellen MacArthur began her world solo record attempt Sun 28 Nov 04 @ 07:10

PLEASE USE THE LINKS ABOVE TO READ HOW ELLEN SET A NEW WORLD RECORD

B&Q has over 350 stores in the UK, China and Taiwan and employs about 40,000 people.  With its sister DIY company Castorama which has stores in France, Italy and Poland, B&Q is the biggest DIY retailer in Europe and third biggest in the world.    http://www.diy.com