Good move Countdown

Stuff reports:

Countdown staff will be given a stake in the company.

The supermarket chain has announced it is awarding A$750 (NZ$808) of Woolworths Group shares to 14,400 Kiwi employees across 183 stores and distribution centres.

Australian-based Woolworths Group owns Countdown in New Zealand.

Countdown managing director Natalie Davis said the shares recognised the role staff played to keep the stores open during the lockdown.

What a great idea. I’m a big fan of having staff as shareholders.

Will cost Countdown around $12 million which is significant.