June 3, 2020 10:00am by David Farrar

Good move Countdown

Countdown staff will be given a stake in the company.
The supermarket chain has announced it is awarding A$750 (NZ$808) of Woolworths Group shares to 14,400 Kiwi employees across 183 stores and distribution centres.
Australian-based Woolworths Group owns Countdown in New Zealand.
Countdown managing director Natalie Davis said the shares recognised the role staff played to keep the stores open during the lockdown.

What a great idea. I’m a big fan of having staff as shareholders.

Will cost Countdown around $12 million which is significant.

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