Home Bargains, which has a busy, popular store in Lytham St. Anne’s, has said that it will not be claiming from the chancellor’s job retention bonus scheme, which would entitle it to receive £1,000 for every worker it brought back from furlough. This will save the taxpayer a sizeable sum as the firm employs 22,000 workers in its stores, warehouses and offices,
The owner of the discount store chain, Tom Morris, announced that Home Bargains is still funding its own furlough arrangements with a £30 million coronavirus fund that he set up in March. This fund enables Home Bargains to pay staff full salary if they need to self-isolate for up to two weeks and also employees who have needed to isolate for longer periods, including older staff with health conditions and pregnant members of staff. The company said that they recognise the dedicated work of those who had not needed to self-isolate, and these colleagues would receive two weeks’ extra pay at Christmas so that they do not miss out.
Home Bargains was started by Tom Morris, 65, the son of a shopkeeper and one of seven children, as a market stall when he was 21. He opened his first store in Liverpool in 1976. Since then the chain, which sells cut-price homewares, toys and electronic goods, has grown to 506 stores, stretching from the Scottish Highlands to Cornwall. According to The Sunday Times rich list, Tom is now a billionaire – with an estimated wealth of £3.59 billion. Under the trading name of TJ Morris, the firm employs 22,000 workers in its stores, warehouses and offices. It offers a range of 4,000 discounted product lines, including a 50 pack of face masks is £9.99!