Good month & bad month

Peninsula Team

October 02 2017

Good month for Superdry… Global fashion organisation Superdry has launched an incentive scheme for nearly 5,000 of their employees worldwide which will be funded by the organisation founders. The three-year scheme will see the fashion organisations founders Julian Dunkerton and James Holder transfer 20% of their profits from the organisation’s share price increases, that are over a threshold of £18, into a fund. At the conclusion of the scheme, the proceeds from the fund will then be shared across eligible Superdry staff globally. The scheme forms part of the organisations wider strategy to attract, retain and reward the best people. Bad month for Ryanair… Budget airline Ryanair has come under fire after admitting they have ‘messed up’ their pilots holidays and as a result will have to cancel over 18,000 until the end of March 2018 at least to cover rotas. Due to this cancellations, Ryanair face a massive €20m compensation bill. In the aftermath of this announcement, a group of pilots turned down an offer of up to £12,000 to keep flying during their scheduled leave, many of them instead putting their names to a letter demanding full employment contracts instead.

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