Wilko. Here we go again
Isn’t it always the way?
Wilkos directors have been accused of paying themselves excessive dividends (£3m during a year when they lost £31m) whilst draining the staff pension fund. All within the approval of the auditors of course
I highlighted before Wilkos cynical behaviour towards staff during the Covid crisis and a picture is being formed of a pretty vile management team. Yet again the losers are the staff and creditors.
Wilko was a seriously strong brand which failed to cope with competition and a changing market. The management lacked the imagination and the will to invest of rivals such as B&M and a pattern emerges
Businesses that treat their staff poorly and simply exist to line greedy directors pockets are usually poorly run businesses with dismal directors. Clearly if you care about your enterprise and the longer term you treat staff with respect and invest in the structure as well as put your mind to developing your markets
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