Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/1062/29780

From The Socialist newspaper, 30 October 2019

Argos Christmas bonus cut

Argos-Sainsbury's, photo Martin Pettitt/CC

Argos-Sainsbury's, photo Martin Pettitt/CC   (Click to enlarge)

Millionaire retail boss Mike Coupe, who was caught on camera singing "we're in the money" on TV before an interview about a possible Sainsbury's-Argos merger, has halved Argos workers' Christmas bonus to just 5.

Argos' 16,000 shop staff earn a typical 11,931 a year, which contrasts with the 3.9 million Coupe pockets after his bonus soared to 593,000.

Coupe's excuse for cutting the bonus was to bring it in line with Sainsbury's workers who already only get a fiver. Sainsbury's bought Argos for 1.4 billion in 2016.

Sainsbury's has already made moves to cut paid breaks, special rates for Sundays and annual bonuses.

It's only October but Coupe is already auditioning for the role of Scrooge.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 30 October 2019:


What we think

Anti-austerity, socialist policies can be a winning formula

Mass protests rock the globe


News

Tories out now. Bin Boris. Corbyn can win with socialist policies!

39 migrants found dead in Essex lorry container

Argos Christmas bonus cut


Wall Street Crash

The 1929 Wall Street Crash: When the capitalist system was on its knees


Workplace news

PCS union election: For a fighting democratic general secretary

PCS: Support Marion Lloyd - a history of workers' struggle and a programme for the future

McDonald's - Striking to end low pay

London - 'autumn of discontent'

RMT election: Fight the cuts, vote for Jared Wood

Uni workers' pay and pension strike ballot


Butterfields

How working-class tenants beat Gentrification


Black history

Black Liberation... Only possible through socialist struggle

Obituary - Bob Lee: 1954 - 2019


International socialist news and analysis

Chile in revolt


Socialist Party reports and campaigns

Enfield North socialists lobby candidate stitch-up

Selling the Socialist

Donate to fund the fightback at Socialism 2019

Chile protests - London solidarity rally


Reader's opinion

Life in the gig economy

Film reviews: Sorry We Missed You by Ken Loach

TV: The Accident - Will capitalism be exposed in upsetting, true-to-life drama?

Opinion: Labour Party is structured to block left councillors

The Socialist inbox


 

Home   |   The Socialist 30 October 2019   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Argos:

triangleReject the mega-supermarket merger: nationalise to save jobs

triangleThree week Argos strike ends

triangleUnite takes legal action against Argos

triangleThree-week Argos distribution strike

triangleArgos: aggressive bosses met by determined strike

Workers:

triangleUndervalued gritters to walk out

triangleSocial workers lobby Hull City Council

triangleSouth African Airways workers win wage increase after strike action

triangleThe Great Big Socialist Party Quiz 2019

Retail:

triangleWorkplace victory emboldens retail workers to get organised

triangleWhat strategy can end the retail jobs massacre?

triangleLeicester Socialist Party: Retail Fightback

Bonuses:

triangle10 years since the financial crash - the socialist answer to capitalist crisis

triangleCity bosses' 40m bonuses as Number of food banks hits 2,000

News and socialist analysis

News and socialist analysis

4/12/19

Pharmaceutical

End profiteering from health - nationalise big pharma

4/12/19

Labour

Prepare now for the struggles after 12 December

4/12/19

The Socialist

Keep up to date with our election coverage

4/12/19

NHS

News in brief

4/12/19

Hillsborough

Hillsborough justice eluded

30/11/19

London

Unite against terrorism, racism, war and austerity

27/11/19

Northern Ireland

Northern Ireland: strike action by NHS workers

27/11/19

University

Resist attacks against free speech on campus

27/11/19

Council

End council cuts now, to end Tory austerity!

27/11/19

Tories

Tories launch 'non manifesto'

27/11/19

Labour

Labour's manifesto: fight to transform hope into a socialist society

27/11/19

Monarchy

Prince Andrew outrage exposes establishment

27/11/19

Tory

Tory election campaign's dirty tricks and lies

20/11/19

Wages

Wages flatline, while shareholders profit

20/11/19

Internet

Broadband: privatisation has failed to deliver, time for a socialist plan

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07954 376 096

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


December 2019

November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

April 2019

March 2019

February 2019

January 2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999