'Divi' boost nets pounds 1.3m.A PROFIT-SHARING profit-sharing Noun a system in which a portion of the net profit of a business is shared among its employees profit-sharing n → participación f de empleados en los beneficios scheme relaunched almost a year ago has already paid out more than pounds 1.3m to North East members. The Co-op relaunched its 'divi' scheme last year after originally scrapping it in the 1970s and it has proved so successful that it has already paid out more than pounds 752,000 to members in Northumberland Northumberland (nôrthŭm`bərlənd), county (1991 pop. 300,600), 2,019 sq mi (5,229 sq km), NE England. Northernmost of the English counties, it is separated from Scotland by the Cheviot Hills and the Tweed River, and borders on the and Tyne and Wear Tyne and Wear, former metropolitan county, NE England. Created in the 1974 local government reorganization, the county embraced the Newcastle upon Tyne conurbation and comprised five metropolitan districts: Newcastle upon Tyne, North Tyneside, South Tyneside, alone. The top payment in the region is pounds 512, under the new share of profits scheme which rewards members for their custom, with payouts twice a year. The Co-op will pay a share of profits equivalent to 1.43p for each point earned across its family of businesses. Suzanne Heron, the group's secretary in the region said the relaunch Relaunch can refer to several things:
She explained: "For the first time members can reap the rewards of our success across our diverse family of businesses." |
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