JCB rewards staff with 5.2% pay rise

JCB, maker of ground-care equipment, is to dish up a double helping of festive cheer with £500 Christmas bonuses and a 5.2 per cent pay rise.

Around 4,400 staff at factories in Staffordshire, Derbyshire and Wrexham will share in the bonus worth more than £2m.

And from January 1 the company’s UK employees will receive a pay increase linked to November’s Retail Price Index.

Chairman Sir Anthony Bamford said: "We have continued to recover strongly this year from the difficult trading conditions of 2008 and 2009.

"All areas of our business rose to the challenge of growing sales in a tough economy. Last year we sold 51,600 machines. This year sales will rise by more than 30 per cent.

"The Christmas bonus and a substantial pay increase wouldn’t have been possible without teamwork at JCB during the severe economic downturn of 2008 and 2009.

"The economic outlook has become more uncertain in recent months but if we continue to work as a team, I’m sure we can achieve even more next year."

Three years ago staff voted to work a 34-hour week to save hundreds of jobs and all employees endured an 18-month pay freeze from 2009 to the summer of 2010.

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