Rolls-Royce offers staff £2k cost-of-living bonus
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16:59 07/01/25
Tens of thousands of staff at Rolls-Royce are set to receive a £2,000 payment to help with the skyrocketing cost of living.
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According to the BBC, the FTSE 100 company will give the payment to shop floor workers and junior management at its sites in Bristol and Derby.
Around 3,000 non-union staff will receive the single payment with their August wages, while the remaining 11,000 will be paid after approval from their unions.
Rolls-Royce told the BBC that the payment would make it to about 70% of its workforce in the UK, with the 11,000 unionised staff set to be offered a below-inflation 4% wage rise backdated to March.
The company’s move makes it the latest to try and appease its workforce, as consumer inflation continues to rise towards 10%.
Earlier in June, Lloyds Banking Group offered its staff a £1,000 lump sum to help ease the cost-of-living crisis.
Reporting by Josh White at Sharecast.com.