Employees of Britain’s Emerys Timber and Builders Merchants, were in for a pleasant surprise when James Hipkins, managing director of the firm doled out £750 to each of his 60 employees.
Aware of how inflation has been rising and how fuel prices have gone up in the UK, Hipkins decided to lend financial assistance to his employees to deal with the crisis. Of course, this bonus cost a total of £45,000 to the Company.
This was Hipkins’ way of letting his employees know that he understood their suffering and that he was willingly sharing with them the profits of the business, which has depots in Staffordshire and Shropshire.
The official tweet of the Company said: “Due to rising costs of fuel/petrol and electricity/gas, we have decided to pay £750 to EVERY Emerys employee. We hope this goes a long way to help our team during an unsettled financial time. Much like a family, Emerys takes care of each other during difficult times.”
For the employees, this was a totally unexpected bonus, and brought immense relief, given the inflation situation.
There has been a rise in petrol and electricity prices, council tax, water bills, mobile tariffs and broadband bills among other costs.
It is reported that the Consumer Prices Index (CPI) rate of inflation has spiked to 6.2 per cent, and it is expected to maintain an upward trend this year.
