JCB has announced that all its UK employees are to receive a £400 Christmas bonus.
Around 5,000 employees at the firm’s 11 plants in Staffordshire, Derbyshire and Wrexham will share in the festive payout, which is worth a total of £2M.
JCB chairman Lord Bamford said he was “delighted” that the company was able to award a Christmas bonus. “At the start of this year we anticipated that the business would face a number of economic headwinds, and that has certainly been the case, with trading being tougher than expected. However, while certain markets have slowed, we are seeing growth in other parts of the world which is very encouraging,” he said.
The news comes a day after the firm’s UK shopfloor employees voted to accept a 2.6% pay rise for 2014 as part of a three year wage deal. The agreement was reached after a vote by GMB union members this week, and will see around 3,200 shopfloor employees receive the pay rise from 1 January.
JCB chief executive officer designate Graeme Macdonald said the agreement demonstrated a “very responsible approach by all concerned”, adding: “It’s very welcome news and gives us the stability and forward visibility we need to plan ahead as we gear up to face the challenges and opportunities we will face in 2014 and beyond.”