Thousands of UK workers will get one-off £1,000 cost of living payment in bank account

Thousands of workers are set to receive a one off £1,000 to help with the Cost of Living. Warwickshire car manufacturer Aston Martin says staff across its workforce will get a one-off £1,000 payment to help with the cost of living.

The firm, which has its headquarters in Gaydon, Warwickshire, said the payment recognised cost-of-living pressures and built on its "long-standing support for its people". The Unite union said its members "voted in large majority" to accept the deal following lengthy negotiations between itself and Aston Martin Lagonda.

Simon Smith, chief people officer at Aston Martin, said the deal put people at the heart of the organisation and made it a "great place to work". "It builds on our continued support for colleagues with the high cost of living and throughout the Covid-19 pandemic," he said.

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A spokesperson for Unite the Union added: “Following lengthy negotiations between Unite the Union and Aston Martin Lagonda, Unite members have voted in large majority to accept the two year pay deal. Unite believes that this deal promotes the working relations built with AML, along with delivering a substantial pay rise and improvements on the work life balance of our members, promoting wellbeing.”

The pay rise comes as the car manufacturer prepares to "ramp up" production of new models later this year. In February, the car maker said it would recruit about 400 technicians at Gaydon and St Athan, Vale of Glamorgan, to help produce the DBX707 luxury SUV and other models.

Mr Smith, chief people officer of Aston Martin, said: “Achieved through our positive working relationship with trade union colleagues, this new agreement recognises our commitment to putting people at the very heart of our organisation and making Aston Martin a great place to work. It builds on our continued support for colleagues with the high cost of living and throughout the COVID-19 pandemic.

“In addition to rewarding our skilled and dedicated employees, this agreement also promotes talent retention, providing labour certainty for the business as we enter an important period of production, with the ramp-up of new models that will support the company’s financial goals in 2024 and beyond.”