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Rolls-Royce employees: bonus to compensate for high cost of living
Photo: Chris Ratcliffe/Bloomberg/Getty Images
Rising living costs are also affecting consumers in the UK.
The aircraft engine manufacturer Rolls-Royce now wants to support employees in a targeted manner.
The company is offering around 70 per cent of its UK workforce a lump sum of £2,000 (about €2,330) to help them cope with high living costs.
The group announced that it would send the payment to 11,000 production workers and 3,000 junior executives.
Production workers are to receive the money once the union has approved the agreement.
The young managers will receive the payment in August.
According to the company, this is the first time it has offered a bonus tied to economic climate rather than performance.
A Rolls-Royce spokesman told Reuters the company was also offering 11,000 UK manufacturing workers a 4 percent wage increase dating back to March.
British Prime Minister Boris Johnson recently warned that a drastic increase in wages and salaries could lead to further price increases.
Behind this is the concern that the national economy could get into a fatal cycle: sharply rising wages for employees lead to companies raising the prices of their goods, which in turn serves as a reason for the trade unions to demand high wages, with the result that prices continue to rise .
The British economy initially recovered well from the consequences of the corona pandemic.
Recently, however, the cost of living has risen enormously.
British authorities have warned that UK household energy bills are expected to rise by a further 40 per cent in October.
UK inflation hit a 40-year high of 9% in April.
It is expected that the ten percent mark will be exceeded in the further course of the year.
The British economy is also being weighed down by labor shortages, supply chain disruptions, post-Brexit trade problems and the aftermath of the Ukraine war.
mmq/Reuters
