Bookselling chain’s chief executive James Daunt says he fears ‘going bust’ and that paying entry-level staff more would betray ‘basic principle’ the business runs on
Waterstones chief executive James Daunt has hit back at campaigners who continue to call on the bookselling chain to pay all staff a living wage, saying that increasing wages for entry-level staff would be “to betray the basic principle by which we’ve been running the business”.
On Wednesday, the retailer announced booksellers’ pay would be increased in April by 6.2% across the board, almost a year after a petition signed by 9,300 writers and booksellers called on the chain to pay an hourly wage of £9, or £10.55 in Greater London. This is the amount the Living Wage Foundation (LWF) calculates is enough to live on across the UK.
Related: Waterstones living-wage protesters leave bookselling
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