A group of 70 MPs have signed a letter to Marks & Spencer chief executive Steve Rowe, raising concerns that employees will have overtime payments scrapped in three years’ time.
The letter – signed by MPs including campaign organiser and Labour MP Siobhain McDonagh – said: “We agree that the proposals that the company announced… were an improvement on the original transitional package. However, it would be a betrayal to loyal staff, many with more than two or three decades of professional experience, to say that this is a very good offer for them.
”We all represent constituents who will still be seriously financially affected by these changes.
“While we are obviously glad to hear that M&S had amended their transitional payments in light of our campaign, it still falls short of the offer that your longstanding and loyal staff really deserve.
“What the company is telling them is that even if they work longer hours to make up the difference, they will earn no more money in three years’ time than they do today – which is absolutely not fair.”
It is set to be presented to Rowe today, with signatures from Labour leadership contender Owen Smith, and former home secretary Alan Johnson, BuzzFeed reported.
McDonagh, who previously delivered a petition to M&S opposing changes to its pay and pensions, told Drapers last week: “M&S has a special place in the nation’s identity so we expect them to behave better and set an example, which is why this is so disappointing.
“What M&S is telling their long-serving and loyal employees is that even if they work longer hours to make up the difference, they will earn no more money in three years’ time than they do today. Will Steve Rowe guarantee he will do the same?”
On 2 September, M&S confirmed changes to its pay and pensions would go ahead, following consultation with its employees.
A spokesman for M&S said he could not comment on the letter as the retailer has not yet received it.