Sainsbury’s staff are set to reap the rewards of an increase in profits at the supermarket when its full-year results are announced later this week.
More than 120,000 staff will share in bonuses totalling £70m, with each in line to pocket an average of £580.
Chief executive Justin King (pictured) is expected to get a cash bonus of more than £1m, according to the Sunday Times.
Sainsbury’s unveils its results for the past 12 months on Thursday. Profits are expected to have risen from £519m last year to more than £600m.
However, in its most recent trading update, the retailer posted like-for-like growth of just 1.7% for the three months to March - its slowest rate of growth in five years.
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Sainsbury’s growth is slowest since 2005 (24 March 2010)