Waga­mama’s Ir­ish staff lose out on £4m Christ­mas bonus pot

The Irish Times - Business - - BUSINESS NEWS -

Ir­ish staff work­ing at Waga­mama in the Re­pub­lic are to miss out on a £4 mil­lion Christ­mas bonus pot fol­low­ing the re­cent sale of the noo­dle chain.

Close to 4,000 em­ploy­ees work­ing for the com­pany in the UK are to re­ceive bonuses of up to £2,000 (€2,214) each af­ter the re­cent £559 mil­lion sale of the chain last month. How­ever, em­ploy­ees here will not be in line for a share of the pot as the Ir­ish op­er­a­tion is run on a fran­chise ba­sis.

The Ir­ish fran­chise holder, Press Up En­ter­tain­ment, the di­ver­si­fied bar and hos­pi­tal­ity group op­er­ated by Paddy McKillen jnr, runs three Waga­ma­mas in Dublin: South King Street be­low the St Stephen’s Green shop­ping cen­tre, Dun­drum Town cen­tre and the Blan­chard­stown Cen­tre.

The group also owns venues such as the Liquor Rooms in Tem­ple Bar and the Stella cin­ema in Rath­mines.

The Guardian yes­ter­day re­ported that the bonus pay­out for Waga­mama staff in the UK has been or­dered by out­go­ing chief ex­ec­u­tive Jane Hol­brook and Waga­mama’s for­mer pri­vate eq­uity owner Duke Street, which orig­i­nally ac­quired the group in 2011 for £215 mil­lion. The pay­out is for staff who have worked for the com­pany for 12 months or more.

The Waga­mama ac­qui­si­tion by the Restau­rant Group was com­pleted late last month af­ter 60 per cent of share­hold­ers voted in favour of the deal.

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