2013-12-20   facebook twitter rss

JCB’S UK Employees Share In £2 Million Christmas Bonus

JCB’s UK employees are to receive a £400 Christmas bonus, the company announced yesterday. 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 £2 million.

It tops a year in which JCB celebrated the production of its one millionth machine, saw company Chairman Lord Bamford enter the House of Lords in honour of his contribution to manufacturing and announce £150 million plans to create 2,500 jobs in the UK over the next 5 years.

JCB employees have Christmas all wrapped up thanks to festive bonus from the company

JCB employees have Christmas all wrapped up thanks to festive bonus from the company

Lord Bamford said: “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. I’m delighted that the company is able to award a Christmas bonus in 2013 and I thank everyone for their commitment and hard work this year.”

Mark Willmore, 40, of Cheadle, Staffs,is a team leader in the Backhoe Loader Business Unit at the World HQ in Rocester, Staffs, and has worked at JCB for 16 years. He said: “We never take getting a Christmas bonus as a foregone conclusion, so it’s great when we get one, especially with so much extra expense at this time of year. It’s nice to celebrate the company’s success for another year and I’d like to say thank you to Lord Bamford for awarding the bonus.”

Marketing Communications Manager Joanne Langton, 24, of Quarndon, Derby, said: “It’s fantastic news that the company is paying a £400 Christmas bonus. I only joined JCB in April so it’s the first Christmas bonus I’ve received, which makes it extra special.”

On Wednesday, it was also announced that UK shopfloor employees will also receive a 2.6% pay rise linked to November’s Retail Price Index (RPI) as part a new three year deal.

The agreement on the pay proposal was reached following a vote by GMB members and will see around 3,200 shopfloor employees receive the pay rise from January 1, 2014. The increase is linked to November’s Retail Price Index (RPI). Increases in 2015 and 2016 will also be linked to those years’ respective November RPI figures.

The latest deal comes into force on January 1 following the expiry on December 31st of a 3½ year pay deal agreed in 2010, which was the longest pay deal ever agreed at JCB. The deal affects employees at JCB’s factories in Rocester, Uttoxeter, Cheadle, Rugeley, Wrexham and Foston, Derbyshire.

Chief Executive Officer Designate Graeme Macdonald, who takes over as CEO on January 1, said: “We are pleased to have reached agreement again on a long-term pay deal for JCB’s UK shopfloor employees. 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. The agreement also demonstrates a very responsible approach by all concerned.”

The new deal comes on the back of an announcement that JCB is to invest £150 million in the next five years to create 2,500 jobs expanding its UK manufacturing operations.

GMB Works Convenor Gordon Richardson said: “A three year pay deal does give us some guarantees for the future. This year’s team of GMB negotiators for the group has achieved an excellent outcome under some very tough bargaining conditions. The deal compares very favourably to those being struck at other companies both regionally and in the UK but our members have worked very hard over the term of the last deal and the outcome of the latest negotiations is a reflection on their efforts.”

JCB

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