Rolls-Royce is to give £2,000 as a one-off payment to 14,000 of its UK workers in the latest sign of employers reacting to the cost of living crisis.
The UK aero-engine group told staff on Monday that it would give the cash lump sum to 11,000 shop-floor workers as well as 3,000 junior managers. The shop-floor workers are also being offered a 4 per cent pay rise for 2022, backdated to March.
Rolls-Royce is one of the largest manufacturers in the UK, employing just under 20,000 people at its plants across the country, including at sites in Derby and Bristol.
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