Morrisons staff asked to invest thousands in their own company
CategoriesUK News

Morrisons staff asked to invest thousands in their own company

Exclusive: Some employees report feeling pressed by private equity owners to contribute to an ailing business

Morrisons’ private equity owners have asked hundreds of staff – from store managers upwards – to invest thousands of pounds of their own money in the business.

More than 800 people have been asked to invest in the ailing supermarket in the past few months, with one well-placed source saying middle management level departmental heads had been asked for £10,000 while the directors of departments had been asked for £25,000 each. It is understood the minimum investmentrequired to participate was £2,000.

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