Roscoes to expand to 85 factories
Rocscoes announced today they are to have over 85 factories by 2025 to supply their supermarket business and make their own brand foods. The chain has announced it will manufacture and process all its own meat product range by 2025 and make its own cereals by 2025. The company is seeking to lower prices and increase margins by growing the production of its own brand products in house. The company has also announced own brand products are on target to make up over 90% of products in store. The company is attempting to become fully vertically integrated. Its dairy operations including cheese production are now operational with 70% of cheese being made in house. The move is expected to generate bumper profits for the company. The company is also investing in factories in places like Spain, Yosai and Hellas among others so it can make regional specialities in house.
Minimum wage to rise to 20.70 Dux Libra
The minimum wage is to increase to 20.70 Dux Libra or approximately €32.09 per hour in January according to the passed law on minimum wage increase. Them motion to increase the wage was voted for by 560 to 251 in the House of Commons , 160 to 110 in the House of Duchies and 265 to 198 in the Imperial Senate. The wage is an increase from an national minimum wage of 18.00 Dux Libra or €27 per hour. The increase is hoped to bring an increase in living standards and will also mean a rise in MP's wages which is linked to them minimum wage from this year rather than median income following changes in law by the Moderate-PSD coalition that was proposed by Unions. It is expected all Duchies will follow the 20.70 Dux Libra Minimum wage effectively making it a national default minimum.
The increase has been criticised by the UoD and businesses who call the wage increase a "job killer" and call for scaling back in future increases. The PSD , The Left and unions have called the wage increase "A vital step to more equality and vital protection for the lowest paid workers in our country." They also criticised the UoD for being on the side of "corporate profits over the worker".