Nova Coop announces bonus for workers

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The Italian consumer cooperative Nova Coop has allocated a bonus of €200 to around 5,000 employees and workers on an ongoing basis, for a total value of around €1 million.

Awarded by the president of Nova Coop, in agreement with the board of directors, the bonus aims to help cope with the rising cost of goods and services which is eroding the purchasing power of families.

Nova Aeg, which is a company operating in the electricity and gas sector controlled by Nova Coop, has also extended this bonus to its approximately 50 employees, Nova Coop noted.

“Well aware of the combined effects”

Nova Coop President, Ernesto Dalle Rive, said: “As a large-scale distribution company, we are well aware of the combined effects that the difficulties in supplying raw material logistics chains, the increase in sources of energy and the war in Ukraine triggered, leading to the current inflationary dynamics which manifests itself in a general increase in prices and which, in recent months, we have been the first to work to mitigate, by absorbing part of the price increases and by accepting the reduction of our margins. »

The consumer cooperative achieved a total consolidated turnover of 1.8 billion euros and a net profit of 16.3 million euros for the full year 2021.

The group’s e-commerce channel continued the growth trend seen during the pandemic (+11.1%), while home grocery delivery now covers 300 municipalities in the five Piedmontese provinces of Turin, Novara, Vercelli , Biella and Cuneo.

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© 2022 European supermarket magazine – your source for the latest retail news. Article by Dave Simpson. Click on subscribe register for ESM: European Supermarket Magazine.

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