Generous cost-of-living payment for staff at Gtech

Gtech is giving its employees a one-off payment of £1,000* in time for Christmas, to help with the rising cost of living.

The innovative British firm behind the AirRAM vacuum will make the goodwill gesture to all staff at its Worcester-based headquarters.

The announcement was made to the firm’s 162 employees after the UK rate of inflation hit a 40-year high of 11.1%.

The rising cost of living which has seen household bills soar has been attributed to inflation outstripping wage growth exacerbated by increases in taxes.

Gtech’s CEO Nick Grey says: “If there is one time of year that people need a bit of extra help, it’s before Christmas.

“I was one of seven children and I know how difficult it can be to make ends meet so we want to give our workforce as much help as we can.”

Gtech joins a number of businesses pledging to help its staff with the rising cost of living via one-off payments, including Nationwide, Virgin Money and BT.

A study by advisory firm BDO showed that half of UK businesses are giving one-off bonuses to support workers through the cost-of-living crisis. The survey involved 500 leaders of medium-sized businesses.

The payment is pro-rata for employees who are part-time or who have not yet completed one year of employment at Gtech