James O'Brien educates business owner who is against sharing profits with workers

11 856
80.7%
LBC205K
Published on 17 Jan 2020, 9:55
This businessman insisted it wasn't fair to give any profits to employees - and James O'Brien wouldn't let him get away with it.

James was asking why more businesses couldn't be like Greggs, the baker, who have shared a £7million bonus among its 25,000 employees.

Jason called in to say: "I own a company myself. If you want to share the profits, that's a brilliant idea, but when it comes to losses your company makes, do you share them as well? No you don't.

"Greggs are a massive company, they can afford to do it. But we employ 30 people and we have to do what we can to keep those people in work."

James explained the bonus scheme to him: "It's called profit share, not profit and loss share. so we can park that there.

"Here are some profits, which at the moment are making their way into the pockets of investors and directors. And instead, we're going to give 10% of the total to the footsoldiers. You still keep 90%."

#JamesOBrien #Greggs #LBC

LBC is the home of live debate around news and current affairs. We let you join the conversation and hold politicians to account.

Subscribe for more: l-bc.co/subscribe

Watch More Here:
The Latest Brexit Videos: l-bc.co/BrexitLatest
The Best Of The Nigel Farage Show: l-bc.co/Nigel
The Best Of James O’Brien: l-bc.co/JamesObrien
The Best Of Iain Dale: l-bc.co/IainDale
The Latest Donald Trump Videos: l-bc.co/DonaldTrump

Join in the conversation and listen at lbc.co.uk
Sign up to LBC’s weekly newsletter here: l-bc.co/newsletter

Like, follow and subscribe to LBC!
Website: lbc.co.uk
Facebook: fb.me/lbc
Twitter: Twitter.com/lbc
Instagram: instagram.com/lbc
newstechmusic