Bakery chain Greggs is to share a £20.5 million bonus among many of its 33,000 employees.
All employees with six months’ service or more will receive a payment under the organisation’s profit share scheme, which shares 10% of Greggs’ profits with staff.
Following a review of its pension contributions, the retailer will also increase its matched contribution to 7% in 2025. This follows a previous increase to 6% last year.
In addition, following a review of its family-friendly policies, Greggs increased maternity and paternity pay for its workforce.
In Greggs’ preliminary annual results for the 52 weeks ended 28 December 2024, Roisin Currie, chief executive, stated: “2024 was another record-breaking year for Greggs; we exceeded £2 billion in sales for the first time and opened our 2,600th shop. Our people have worked tirelessly to deliver on our strategic ambition to further establish Greggs as a multi-channel food-to-go retailer and I want to acknowledge their efforts.
“It is thanks to their hard work, week after week, that we continue to grow, all the while maintaining the great prices, high-quality products, and friendly service that keep our customers coming back, again and again.
“We recognise that our people are crucial to our success, and we make sure that they are fairly remunerated, given opportunities to progress, and treated well. We aim to offer inclusive workplaces and are striving to build diverse teams that better reflect the communities we serve.”
Greggs’ benefits package also includes a sharesave scheme and a staff discount on Greggs products.
