$Amazon.com(AMZN)$ Amazon UK will spend 170 million pounds ($207 million) on two pay rises for its frontline operations staff over the next six months in a move which could catch the attention of the Bank of England which is keeping a close eye on inflation pressures.
The internet giant, which employs 75,000 in the UK, said on Monday that from Oct. 15, minimum starting pay would increase by at least one pound an hour to between 11.80 pounds and 12.50 pounds, depending on location.
Pay rates will further increase to between 12.30 pounds and 13 pounds an hour from April next year.
The increases mean Amazon’s minimum starting pay will have risen by 20% in two years, and 50% since 2018, it said.
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