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Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

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Share Price: 9,192.00
Bid: 9,660.00
Ask: 8,546.00
Change: 4.00 (0.04%)
Spread: -1,114.00 (-11.532%)
Open: 9,180.00
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Low: 9,118.00
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Britain's Next cuts sick pay for unvaccinated staff forced to self-isolate

Thu, 13th Jan 2022 11:24

LONDON, Jan 13 (Reuters) - British fashion retailer Next
has cut sick pay for unvaccinated staff who must
self-isolate due to exposure to COVID-19, it said on Thursday.

"It's highly emotive but we have to balance the needs of the
business with those of workers and shareholders," said a
spokesperson for the group.

He said unvaccinated workers who test positive will still
receive Next's full rate of sick pay.

Next's move follows a similar one by furniture retailer
Ikea.

Last month COVID rules in England were relaxed for people
who have been vaccinated so they did not need to isolate if they
were exposed to a positive case.

However, there was no change to the guidance for
unvaccinated contacts of positive COVID-19 cases, who were still
required to self-isolate for 10 days after their date of
exposure to the virus.

Next's policy shift means unvaccinated workers required to
isolate after being identified as a close contact of someone
with COVID could receive as little as the Statutory Sick Pay
minimum of 96.35 pounds ($132.43) a week.

British companies have so far steered clear of the tough
stance taken by companies in the United States on their workers'
vaccination status.

An increasing number of U.S. companies have been using
vaccine requirements to protect employees and avoid operations
being disrupted by mass staff absences.

Last week Next raised its full-year profit outlook for a
fifth time in 10 months after beating guidance for sales in the
run-up to Christmas

($1 = 0.7275 pounds)
(Reporting by James Davey, Editing by Paul Sandle)

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