Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
pic 3
pic 3

UK fines WH Smith, M&S and others for not paying minimum wage

UK fines WH Smith, M&S and others for not paying minimum wage

LONDON (Reuters) – Britain has fined more than 200 companies, including top retailers WH Smith, Marks & Spencer and Argos, for failing to pay their lowest paid staff the minimum wage between 2017 and 2019.

The government said on Wednesday 202 businesses – ranging from major high-street names to small businesses and sole traders – had broken the law by leaving around 63,000 workers out of pocket.

The companies paid a combined 7 million pounds ($9 million)in arrears and fines for the breaches, the statement released by the government’s department for business and trade said.

“Paying the legal minimum wage is non-negotiable and all businesses, whatever their size, should know better than to short-change hard-working staff,” Kevin Hollinrake, a minister in the department, said.

“Most businesses do the right thing and look after their employees, but we’re sending a clear message to the minority who ignore the law: pay your staff properly or you’ll face the consequences,” Hollinrake added.

WH Smith, a mainstay at Britain’s airports and train stations, headed the list, having failed to pay 1 million pounds to 17,607 workers. M&S failed to pay 578,391 pounds to 5,363 workers, while Sainsbury’s-owned Argos did not pay 480,094 pounds to 10,399 employees, the statement said.

A spokesperson for M&S said the company was only named because of an unintentional technical issue from over four years ago, adding it was remedied as soon as it became aware of the issue.

“Our minimum hourly pay has never been below the national minimum wage, it is currently above it and no colleagues were ever underpaid because of this,” the spokesperson added. The minimum wage in Britain went up by 9.7% to 10.42 pounds per hour in April.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

The government noted in its statement that not all minimum wage underpayments were intentional, but added there was no excuse for underpaying workers.

A Sainsbury’s spokesperson said that a payroll error was identified in 2018, which affected some Argos store workers and drivers and dated back to 2012 – before its acquisition of Argos.

The spokesperson added that it was rectified, and that the Argos worker hourly rate was now aligned with Sainsbury’s.

In its response, WH Smith said it had misinterpreted how the statutory wage regulations were applied to its uniform policy for staff working in its stores. “This was a genuine error and it was rectified immediately with all colleagues reimbursed in 2019,” the company said.

($1 = 0.7834 pounds)


(Reporting by Muvija M; Editing by Mark Potter)


Recent Post: