Owner Mike Ashley praises personnel but share bonus only available to select group of 2,000 permanent contract staff – about 10% of the total workforceSports Direct has handed £43m in share bonuses to a group of nearly 2,000 permanent staff who took part in an incentive scheme launched in 2011. Sports Direct does not have a current share bonus plan for staff after a planned scheme missed its targets. The retailer said last year it would not be paying a bonus under a scheme set to mature in 2019 after underlying profits missed the company’s target of £420m. The bonus plan would have paid out £200m in shares to 3,000 permanent staff if earnings doubled by 2019. Sports Direct said it expects to pay other awards and incentives this year of about £19m, from which both permanent and casual staff can benefit.

Source: The Guardian September 08, 2017 18:22 UTC