Allied Vehicles Group, based in Possilpark in north Glasgow, has invested more than £1 million in pay rises to help its workforce cope with the cost-of-living crisis.
Each of the organisation’s nearly 600 staff received a pay increase this month, on a sliding scale weighted towards those who are lower paid. The lowest-paid staff within the organisation will see an increase of 10%, with higher-paid staff awarded 5%.
Around two-thirds of the workforce will be given a minimum increase of 7.69%, and 43% of the workforce will receive a rise of between 9% and 10%.
Peter Facenna, managing director of Allied Vehicles Group, said: “This is a massive vote of confidence in all our staff who have shown tremendous mettle through the difficulties of the past couple of years. The triple whammy of Brexit, Covid-19, and the war Ukraine was bad enough, but the knock-on effects, including a shortage of new vehicles, rising energy costs, and rampant, double-digit inflation, have hit everyone really hard.
“Our people stayed with us throughout, but like everyone else they and their families were suffering through rising energy costs and overall inflation. We came up with a sliding scale weighted towards lower paid staff, to ensure that everyone gets a rise. Every single person will receive a pay increase this month. The pay rise isn’t simply a one-off. It’s an ongoing commitment from the business that will impact on our wage bill going forward, but if we can help our people we feel it’s well worth it.”