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East Midlands Chamber News

£1,000 Christmas bonus rounds off strong year for JCB

 

JCB delivered festive cheer to thousands of UK employees in the shape of the biggest Christmas bonus for more than a decade.

Around 7,200 employees at JCB’s 11 plants across Staffordshire, Derbyshire and Wrexham will receive £1,000. The last time a Christmas bonus of that magnitude was awarded was in 2007.

The record-equalling Christmas bonus comes in a year in which JCB machine production reached a 73-year high and in which an additional 1,500 people were recruited. This includes the awarding of permanent JCB contracts to around 550 agency employees.

JCB Chairman Lord Bamford said: “JCB has had a very successful year and I am delighted that we are able to award a substantial Christmas bonus to thank our employees for their contribution. There are many parallels between JCB and the British economy at the moment: both are doing very well indeed and both have record levels of employment. What’s more, the signs remain extremely encouraging for 2019, with many reasons to remain positive for the future, both for our business, and the UK, which, after all, is the world’s fifth largest economy.”

JCB CEO Graeme Macdonald said: “JCB has had an exceptional year and we are gearing up for a strong 2019. The whole JCB team has every reason to be proud of what has been achieved and we are looking forward to building on our success next year.”

During 2018 JCB has launched its brand new range of X-Series excavators to industry acclaim and began work on a new £50m UK factory at Uttoxeter, Staffordshire, to build cabs for its machines. JCB also unveiled its first electric digger – a 1.8 tonne mini excavator which can be charged by plugging it into a 230 volt domestic supply.
 

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