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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jd Sports Fashion Plc | LSE:JD. | London | Ordinary Share | GB00BM8Q5M07 | ORD 0.05P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.85 | 3.31% | 120.15 | 119.55 | 119.65 | 120.35 | 116.60 | 117.35 | 20,473,228 | 16:35:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Sport Gds Stores, Bike Shops | 10.13B | 142.5M | 0.0275 | 43.47 | 6.2B |
TIDMJD.
RNS Number : 8960R
JD Sports Fashion Plc
15 December 2016
15 December 2016
JD Sports Fashion Plc
Response to Media Reports
JD Sports Fashion Plc notes the media reports containing allegations regarding the working conditions at our Kingsway distribution centre. We would like to address the validity of these allegations by issuing the following statement:
We are deeply disappointed and concerned by the footage broadcast by Channel 4, which we have seen for the first time in full this evening. Whilst we do not believe it to be an accurate reflection of our culture, the vast majority of our people or our standards of practice and procedures, we will be launching an investigation into the implementation of our policies at our Kingsway facility.
While we maintain that the policies and procedures in place are robust and fair, it is clear that we need to do better in their implementation. In the short term, we intend to retrain all supervisory and security employees at the facility, as a matter of urgency, to ensure that those policies are correctly reflected across the workplace.
We would like to reiterate that we categorically do not operate a 'strike' policy or system and our workers cannot be fired 'on the spot'; we have a fully outlined disciplinary procedure and appeal process based on the ACAS code of practice. Our time and attendance system is specifically designed to ensure that all workers are paid for the time it takes to exit any queue on leaving the site, and we pay all employees in full who are up to 15 minutes late on arrival.
Our employees are vital to our business, so we take any such allegations very seriously. As a result, we will undertake to conduct a review of all our policies, their communication and implementation at the site, with the clear aim not only to continue the improvement of the facility, but also to think about the future structure of employment at the site for the benefit of all the people employed at Kingsway. We undertake to be transparent regarding the changes we make, both to our employees and other stakeholders.
As previously stated, we will readily open our doors to an appropriate independent body wishing to scrutinise our operations at Kingsway.
- Ends -
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Brian Small, Chief Financial Officer
MHP Communications Tel: 0203 128 8100
Andrew Jaques
Barnaby Fry
Gina Bell
This information is provided by RNS
The company news service from the London Stock Exchange
END
SPCAKQDBNBDBKBD
(END) Dow Jones Newswires
December 15, 2016 02:00 ET (07:00 GMT)
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