Greggs jobs: UK bakery chain to hand out record £20.5m in staff bonuses as sausage roll sales soar
Staff are in for a treat as the bakery chain dishes out its biggest bonus yet.
The UK’s largest bakery chain has announced that some long-serving employees could receive an £850 bonus, as it prepares to distribute a record sum through its profit-share scheme.
The news comes as Greggs reported a rise in sales and profits for 2024, driven by new store openings, extended trading hours, and price increases.
With over 2,600 stores across the UK, the bakery chain generated more than £2 billion in sales—an 11.3% increase from 2023 - partly due to the launch of around 225 new shops, the highest number in its history.
The chain also increased the prices of some food items last year, with its traditional sausage roll recently rising by 5p to £1.30. Other products, including coffee and doughnuts, saw price hikes of between 5p and 10p.
Chief executive Roisin Currie said the price adjustments were made to offset the impact of wage increases, as the company had also raised salaries for a significant portion of its workforce.
Since then, prices have remained unchanged, and she emphasized that there are no “firm plans” for further increases.
The group reported a pre-tax profit of £203.9 million for the year, an 8.3% increase from 2023. Around 10% of this will be distributed among eligible employees - those who have worked at Greggs for at least six months - through its profit-share scheme.
On Tuesday (4 March), the company confirmed it would be paying out a record £20.5 million this month.
Currie told PA that long-serving staff - those with more than six years of service who work over 20 hours a week - can expect to receive around £850 extra at the end of March.
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