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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Morrisons staff asked to invest thousands in their own company

Morrisons store sign
Staff who agreed to invest in shares in Morrisons are said to have been paid a special bonus. Photograph: Chris Radburn/PA

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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