PRESS RELEASE 16.10.2015
FOR IMMEDIATE RELEASE
REVOLVER CELEBRATES LIVING WAGE COMMITMENT
The Living Wage Foundation is pleased to announce that REVOLVER, has today, been accredited as a Living Wage employer.
The Living Wage commitment will see everyone working at Revolver (World) Co-operative Ltd / Revolver Music Ltd, regardless of whether they are permanent employees or third-party contractors and suppliers; receive a minimum hourly wage of £7.85 – significantly higher than the national minimum wage of £6.50.
The Living Wage is an hourly rate set independently and updated annually. The Living Wage is calculated according to the basic cost of living using the ‘Minimum Income Standard’ for the UK. Decisions about what to include in this standard are set by the public; it is a social consensus about what people need to make ends meet. Employers choose to pay the Living Wage on a voluntary basis. The Living Wage enjoys cross party support, with public backing from the Prime Minister and the Leader of the Opposition.
Living Wage Foundation Director, Rhys Moore said: “We are delighted to welcome REVOLVER to the Living Wage movement as an accredited employer.
“The best employers are voluntarily signing up to pay the Living Wage now. The Living Wage is a robust calculation that reflects the real cost of living, rewarding a hard day’s work with a fair day’s pay.
“We have accredited over 1,700 leading employers, including REVOLVER, ranging from independent printers, hairdressers and breweries, to well-known companies such as Nationwide, Aviva and SSE. These businesses recognise that clinging to the national minimum wage is not good for business. Customers expect better than that. “
Gillian Owen, 07876 246 150, email@example.com
Paul Birch 01902 345 345 Paul.Birch@Revolver.coop
Notes to Editors
About the Living Wage Foundation
The Living Wage is an hourly rate set independently and updated annually. The Living Wage is calculated according to the basic cost of living in the UK. Employers choose to pay the Living Wage on a voluntary basis. The Living Wage enjoys cross party support, with public backing from the Prime Minister and the Leader of the Opposition.
The London Living Wage is currently £9.15 per hour. This figure is set annually by the Greater London Authority and covers all boroughs in Greater London. The UK Living Wage for outside of London is currently £7.85 per hour. This figure is set annually by the Centre for Research in Social Policy at Loughborough University.
The Living Wage Foundation recognises and celebrates the leadership shown by Living Wage employers across the UK. There are currently over 700 accredited employers. We are an initiative of Citizens UK. We believe that work should be the surest way out of poverty.
Revolver has been paying the Living wage since 2014, and is pleased to now be officially recognised for its contribution.
Revolver ranks 2nd out of 34 brands for Ethics, as judged by Ethical Consumer Magazine and bears their “Best Buy” logo. In 2015 Revolver World Fairtrade Ethiopia coffee was one of only four Fairtrade coffee winners of The Great Taste Awards
Revolver is moving forwards towards the Fair Tax mark, is a licensee of The Fairtrade Foundation and The Soil Association and was the sixth company to be accredited by The City of Birmingham for The Charter for Social responsibility.
Revolver is an Industrial & Provident Society. Registered with the FCA Mutual Registry 31024R & organised as a multi-stakeholder Co-operative.