Mixed morale | Asda axes bonuses for 10,000 managers as Greggs plans £20m profit share

It’s been a week of mixed fortunes for sellers of sausage rolls after Greggs announced a whopping £20m profit share for employees—as reports emerged that supermarket chain Asda would be axing bonuses for over 10,000 staff.

The disparity in bonus policy reflects the contrasting financial performance of the two food retailers in recent months, with one former Asda employee predicting the cuts could lead to morale and retention difficulties.