Countdown employees offered shares in the company

Author
Newstalk ZB,
Publish Date
Wed, 3 Jun 2020, 12:33PM
Photo / David Rowland

Countdown employees offered shares in the company

Author
Newstalk ZB,
Publish Date
Wed, 3 Jun 2020, 12:33PM

More than 14,000 Countdown employees are being offered shares in the company.

The offer comes from Countdown's Australian parent, Woolworths, who want to recognise their efforts and acknowledge their role going forward.

Eligible full-time employees will receive $AU750 in shares.

Fisher Funds chief executive Frank Jasper says the staff will need to recognise it's not a cash payout.

He says shares are a long-term investment and people will receive dividends.

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