Asda staff get shares windfall


 
Thousands of Asda staff members have received £2m in shares after the firm’s Colleague Share Ownership Plan matured.

Asda said the plan was created in 1995 in an effort to let workers get access to free shares.

On average colleagues are set to walk away with £120 should they decide to sell their shares, the supermarket revealed.

People director at Asda David Smith said that this gives people a “well-earned bonus” when money is proving difficult to come by.

He said: “Whether it’s to help towards the Christmas shopping or pay off the credit card, the proceeds of these shares will really make a difference in the current climate.”

In other news, Asda has said that it remains committed to its ‘three for £10′ wine promotion.

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