>it is understood that those who agreed to invest in shares in Morrisons were paid a special bonus, equivalent to 60% of the amount they were asked to invest before tax
That certainly sweetens the deal, but I wonder if this is a genuine company benefit or a desperate cash squeeze
Morrisons are clearly in trouble, this month Aldi took Morrisons spot as 4th biggest supermarket in UK.
It’s not wise to invest in your own workplace – you need to diversify your risk
Is this really new though or just someone making a drama out of it? I worked there 20 years ago and they did share save schemes back then to get staff to put money in to the company
It wouldn’t suprise me to see Morrisons go under. If I go into my local Morrisons it’s dire
A lot of companies offer sharesave schemes for their employees (including the global aerospace company I work for). Ours is almost always oversubscribed because it’s usually a pretty good deal, unless you think the company shares will tank over the next few years in which case you’ll be looking for new employment anyway.
Have been boycotting Morrisons since they proudly announced they were going to discriminate against their employees. They were going to slash sick pay for the unvaccinated. Not the morbidly obese, not the smokers, not those with high risk lifestyles, just the unvaccinated. An unforgivable position that they felt emboldened to reveal because of how much of a frenzy people were in at the time. I wish miserable failure to this company.
My Dad worked for British Telecom & used their sharesave scheme as part of his pension, as did his colleagues. Shortly before one of his friends was due to retire, the share price collapsed (can’t remember figures) and the friend hung himself rather than retire with nothing.
On the other hand, a friend of ours has worked for Apple 15+ years and has a shit ton of stock options stored up. He’s doing the sensible thing & cashing some out every year. He’s proper caked up.
8 comments
>it is understood that those who agreed to invest in shares in Morrisons were paid a special bonus, equivalent to 60% of the amount they were asked to invest before tax
That certainly sweetens the deal, but I wonder if this is a genuine company benefit or a desperate cash squeeze
Morrisons are clearly in trouble, this month Aldi took Morrisons spot as 4th biggest supermarket in UK.
It’s not wise to invest in your own workplace – you need to diversify your risk
Is this really new though or just someone making a drama out of it? I worked there 20 years ago and they did share save schemes back then to get staff to put money in to the company
It wouldn’t suprise me to see Morrisons go under. If I go into my local Morrisons it’s dire
A lot of companies offer sharesave schemes for their employees (including the global aerospace company I work for). Ours is almost always oversubscribed because it’s usually a pretty good deal, unless you think the company shares will tank over the next few years in which case you’ll be looking for new employment anyway.
Have been boycotting Morrisons since they proudly announced they were going to discriminate against their employees. They were going to slash sick pay for the unvaccinated. Not the morbidly obese, not the smokers, not those with high risk lifestyles, just the unvaccinated. An unforgivable position that they felt emboldened to reveal because of how much of a frenzy people were in at the time. I wish miserable failure to this company.
My Dad worked for British Telecom & used their sharesave scheme as part of his pension, as did his colleagues. Shortly before one of his friends was due to retire, the share price collapsed (can’t remember figures) and the friend hung himself rather than retire with nothing.
On the other hand, a friend of ours has worked for Apple 15+ years and has a shit ton of stock options stored up. He’s doing the sensible thing & cashing some out every year. He’s proper caked up.