JCB sales on rise despite difficult trading outlook
Last year was a good one for JCB, and just before Christmas, the company's 4,400 British employees received a double dose of festive cheer as they were treated to a near £600 Christmas bonus and 5.2pc pay increase.
Producing everything from the JCB range -- telehandlers, Fastracs and much more -- employees at the factories in Staffordshire, Derbyshire and Wrexham benefited from the bonus, which was worth more than £2m in total.
The pay increase came into effect on January 1. Commenting on the uplift, JCB chairman Anthony Bamford said: "JCB has continued to recover strongly in 2011 from the difficult trading conditions of 2008 and 2009, and all areas of our business rose to the challenge of growing sales in a tough economic environment."
JCB sold 51,600 machines in 2010 and expected the final figure for last year to be more than 30pc higher.
"The economic outlook has become more uncertain in recent months, but if we continue to work as a team, I'm sure we can achieve even more [this year]," Mr Bamford added.