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Woolworths staff will receive up to $750 in shares

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By Juliano Oliveira

Woolworths staff working since the beginning of the pandemic in Australia and New Zealand will receive up to $750 in the company’s shares.

In a note to the press, the supermarket chain informed that the number of beneficiaries will exceed 100,000 “as recognition for their extraordinary efforts and contribution during a year of unprecedented challenges.”

Full-time employees prior to 1 March 2020 and who do not already participate in the Group’s short-term incentive schemes are eligible for the “bonus”, with part-time eligible team members allocated shares on a pro-rata basis.

“We could think of no better way to thank and recognise our team than by making them shareholders in our Group, ” said Woolworths Group CEO, Brad Banducci.

“The awarding of shares is not only recognition for our team’s efforts over the last year, but also acknowledgement that our team has a critical role to play going forward as we all adjust to the new normal.”

All Australian full-time and part-time team members who were employed prior to 1 March 2020 and who do not participate in the Group’s STI, will also receive $250 in Team Member PlusCard credits.

Australian casual team members employed prior to 1 March 2020 will receive $100. The PlusCards will be available to spend like a gift card in Woolworths Supermarkets, Metro, BIG W and BWS stores.

“Casual team members in Australia who joined the Group on or after 1 March 2020 to assist in helping the Group navigate the COVID-19 demand surge will be able to keep their team discount until the end of December of this year, irrespective of whether they stay with the Group or not.”

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