This UK Firm Gives Rs 74,000 To Each Employee To Beat Fuel Price Hike

Synopsis: The bonus is reportedly meant to help the employees in order to bear the cost of fuel which is emerging as a living crisis. The company’s Managing Director (MD), 51-year-old James Hipkins has rewarded over 60 employees with a bonus costing him over a total of £45,000, and it is 44.46 lakh in Indian rupees.

Continuously evolving geopolitical equations have resulted in a surge in the fuel price globally. The situation has worsened the budget of every household making it difficult for people to financially keep up with their expenses while fuel prices continue to rise. Now, amidst this scenario, Emerys Timber and Builders Merchants has become a helping hand for its employees by offering them £750 as a bonus. The amount in Indian rupees sits around 74,000.

The bonus is reportedly meant to help the employees in order to bear the cost of fuel which is emerging as a living crisis. The company’s Managing Director (MD), 51-year-old James Hipkins has rewarded over 60 employees with a bonus costing him over a total of £45,000, and it is 44.46 lakh in Indian rupees, according to LADbible.

Emerys Timber and Builders Merchants is a United Kingdom (UK) based company is the material supplier. The company posted a tweet on the microblogging platform Twitter, mentioning that it has given the bonus to the employees due to the rise in the prices of fuel and energy sources. “Due to rising costs of fuel/petrol and electricity/gas, we have decided to pay £750 to EVERY Emerys employee,” the tweet reads.

Since the announcement, the company has hit the international headlines over its gesture toward its employees. Because due to inflation, it has become tough for people to manage their expenses and such a move by a company is melting the hearts of the people who are currently expecting the same from their employers.

Talking to Stoke Sentinel, the company’s MD Hipkins said that they looked into the matter late while raising pay last year and decided to give a decent pay hike this time. He said,

We looked at this late last year when we were looking at pay rises and thought we needed to give people a decent rise this year because of inflation. When you look at how things are, I thought it was a good idea to give them that bit of a boost.

Countries all over the world are battling the effect of inflation caused by the Russian invasion of Ukraine that has led to the unexpected price hike in fuel, eventually leading to costly goods and services. The situation had already been overwhelming considering the series of lockdowns across the world because of the Covid-19 pandemic. Even in India, the fuel prices continued to rise in the 14th round in 16 days, with the national capital Delhi, recording the petrol prices at 105.41 rupees per liter and diesel at 96.67 rupees per liter.