Espresso House invests 55 million in employees

The investment will make Espresso House pay 5-7% higher salaries than collective agreements. The pay rise is an investment in employees, to have them stay at times in shortage of staff. This applies to all employees, both part-time and full-time.

Espresso House: invests DKK 55 million in its employees - salary increase for all employees due to expensive winter.

As of 1 January 2023, Espresso House has set aside approximately DKK 55 million for a salary increase, corresponding to an increase of DKK 10 in hourly wages for each employee. The wage increase is not an inflation aid as such, although CEO of Espresso House Group, Anssi Thureson, admits that "the timing is fortunate in the midst of an expensive winter".

Group CEO Anssi Thureson explains that the reason for the salary increase is that, as a leading player in the industry, the company wants to offer a competitive salary.

"We want Espresso House to be an attractive place to work. For many young people, we are their first employer; and we want them all to have a good start to their careers. At times of war on the European continent, increasing inflation and huge uncertainty, we are going the other way and investing long-term in our most important asset: our people. So, we've taken this decision because we believe it's the right thing to do and because we know it will secure our business, short term as well as long term."

The large Nordic company wants to show its employees that they are valued, and that Espresso House wants to invest in them and their well-being. At the same time, Espresso House hopes that this bold move will make it the most attractive place to work in the industry.

Appendix: Fact sheet on Espresso House Group's pay increase

• As of 1 January 2023, Espresso House will increase salaries in all markets except Germany, where increases were already introduced as of 1 September 2022.

• In Denmark, salaries will be increased by DKK 10 for hourly employees and by a corresponding DKK 10 per hour for employees on a monthly salary.

• The salary increase applies to all employees of Espresso House cafés. All full-time and part-time employees as well as shop managers.

• With this increase Espresso House is investing approximately DKK 55 million (SEK 81 million) in its employees.

• After the increase, Espresso House will offer a salary that is on average 5-7% higher than the collective agreements, making the company a more attractive employer in terms of salary.

• Espresso House's investment in its employees by no means stands alone but is part of the company's DNA. Group CEO Anssi Thureson, for example, has spent his first 100 days as CEO travelling around listening to his staff - getting a feeling for the challenges in the cafés and the well-being of employees. For Anssi Thureson, to lead, you must listen.

• The pay rise should be seen in the light of the fact that for Espresso House, business begins and ends with the employees - and it comes alive in the interaction with customers.

• The pay rise is an expression of Espresso House Denmark's desire to be an even more attractive place to work, as for many young people Espresso House is their first employer. Espresso House therefore wants everyone to have a good start to their career.

• Finally, the salary increase is also a contribution to building a sustainable workplace. Raising salaries is a strategic long-term decision taken by Espresso House because it believes in its employees and wants to appreciate the valuable work they do.