Glass full: Wetherspoons chief Tim Martin has had his pay topped up
Wetherspoons boss Tim Martin is back on full pay after taking a pandemic pay cut – despite the pub chain crashing to its first annual loss since 1984.
The pubs group’s founder and chairman slashed his £324,000-a-year salary in half in March but his pay quietly went back up again in August, The Mail on Sunday can reveal.
Chief executive John Hutson and the rest of the Wetherspoons board also join a host of crisis-hit executives who have put their pay back up after accepting reduced salaries in March.
The MoS last week revealed the bosses at struggling easyJet and hotels group Intercontinental were among those to move back to full pay.
Martin’s pay boost could prove controversial as the hospitality industry faces being hammered by the second wave of lockdowns taking effect across Britain this winter.
Rival pub group Marston’s on Thursday announced 2,150 job cuts and joined bosses from Greene King, Fuller’s, Young’s and Mitchells & Butlers to warn that many pubs will be left ‘unviable’ by restrictions that bar millions of households from mixing.
Pubs and restaurants were among the last businesses to be allowed to reopen after the first lockdown, on July 4, and have struggled to cope as social distancing measures – including only offering table service, the rule of six and a 10pm curfew – have limited trade.
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