The British aircraft manufacturer will offer a bonus of σ 2,000 to 70% of its workforce in the UK Rolls Royce Holdings to help them cope with the high cost of living.
The British economy initially recovered strongly after the Covid-19 pandemic, but now struggles to cope with the high cost of living exacerbated by labor shortages, supply chain disruptions, post-Brexit trade problems and the war in Ukraine.
The British aviation engine group said it would give the money to 11,000 production workers as well as 3,000 low-level executives.
And salary increase
In an email to Reuters, a Rolls Royce spokesman said the company was still offering 4% wage increase from March to 11,000 manufacturing workers in the UK.
The company added that this is the first time it offers a bonus related to the economic climate and not to performance.
The energy bills of households in Britain are expected to increase by an additional 40% in October, the industry regulator warned last month.
Rolls Royce added that 3,000 workers will receive the money in August, while another 11,000 will receive the amount when the agreement is approved by the union, according to APE-MPE, citing Reuters.
The British Prime Minister warned a few days ago that a net increase in wages could cause further price increases and added that raising wages to be in line with inflation risks causing a spiral of wage and price increases.
Source: News Beast
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