Dixons Carphone to give 30,000 employees at least £1,000 bonus each

DIXONS Carphone has announced that it'll be offering over 30,000 employees at least £1,000 of shares over the next three years.

The retailer revealed in its interim results today that it would be spending £10million on the new share awards scheme.

The bonus will be offered to all 30,000 permanent employees who have worked for at least 12 months across the Dixons Carphone group.

Employees won't be able to access the £1,000 straight away - they'll have to wait three years to cash out the shares or they also have the option to keep them invested.

The retailer also said it would be cutting costs by £200million but that this would come from merging IT systems and reducing supplier costs, rather than job losses.

Alex Baldock, group chief executive, said:  "We strongly believe aligning and energising the business behind our strategy in this way will benefit customers and shareholders.

"There are headwinds and uncertainty facing any business serving the UK consumer, but we've had our own challenges, and our plan will take time.

"But, with this plan, we can now see the way to unleashing the true potential of this business.

"We believe in our plan, are underway making early progress and determined to make it a lasting success".

Earlier this year Dixons Carphone announced it would be closing almost 100 stores, with workers being offered the chance to move to larger outlets.

Millions of its customers were also affected by a data breach which involved unauthorised access to 5.9million customers' cards and 1.2million personal records.

If you're worried about your data privacy, this website lets you check if you've ever been hacked and when.

We pay for your stories! Do you have a story for The Sun Online Money team? Email us at money@the-sun.co.uk or call 0207 78 24516. Don't forget to join the for the latest bargains and money-saving advice.