Boots Ireland: putting wealthy shareholders before loyal workers.
Boots Ireland is an exceptionally profitable company, paying more than €110 million in dividends to shareholders and accumulating more than €40 million in profits during the past three years.
However, despite the extraordinary profits made through the hard work of all staff in Boots, the company is refusing to pay approximately 30% of their workers a pay increase.
Long serving staff members, who have had their pay frozen for three years, have been told they have to take anything up to an 18% pay cut in order to receive a 2% pay increase. These loyal staff members have also been denied their agreed productivity bonus, despite many of them achieving the set targets put in place by the company almost twelve months ago.
All staff members in Boots have worked very hard and many have sacrificed several pay increases during the past three years in order to help the company to achieve the extraordinary success it has done to date.
Some of their workers are now struggling financially with cost of living increases and desperately need a pay increase in order to maintain a decent standard of living for themselves and their families. Yet now, after all the hard work and sacrifices, the company have singled out a small proportion of their workforce and say they do not deserve a pay increase.
Boots Ireland has never been in a better financial situation, a direct result of the hard work of all their loyal staff. We are calling on the company to commit to paying a fair pay increase to all workers at Boots. These workers need it, they deserve it and the company can afford it.
During the past three years Boots Ireland has paid out more than €110 million to shareholders and made more than €40 million in profit.
At the same time some Boots workers have not received a single pay increase, and now, long serving loyal staff members are being pressured into taking a reduction in income. These same staff have also been denied their entitlement to an agreed productivity bonus despite achieving the targets set by the company.
This is totally unfair and I am calling on Boots management to acknowledge the hard work of all staff at Boots Ireland by committing to a fair pay increase for all of your staff, unfreeze all increments and to pay the productivity bonus for all those who are entitled to it.