British company Rolls-Royce will give 700 pounds ($900) in shares to all its employees for good results.
The engineering giant published an internal memo announcing the good news to its more than 42,000 employees worldwide.
Each employee could receive 150 shares after the motor manufacturer announced that it made 1.1 billion pounds (1.408 billion dollars) in profits during the first half of the year.
These good results double the profits obtained in the same period in 2023 and that is why Rolls-Royce management decided to give shares to all its employees for the first time.
“Our strong first half results and the progress we are making in our transformation have been made possible by the hard work and action of our people,” said the company.
See more: Emirates airline is making so much money it will give its employees a bonus
The BBC said the gift could cost Rolls-Royce around £30 million ($38.4 million).
The company was severely affected by the pandemic, which paralyzed global aviation and drastically reduced demand for aircraft spare parts and engines.
However, the aeronautical sector has been recovering in recent months and this has allowed it to record significant profits in the first six months of this year.
Furthermore, part of the success achieved was through a transformation program that began to be implemented when management recognized that it was the “last chance to change” in the midst of difficulties.
Tufan Erginbilgic, CEO, said that in light of these surprising results, they decided to give employees the opportunity to become owners of the company.
“These results have been possible thanks to your hard work and our collective actions. You are making a difference. That is why it is important that you share in our success,” he said.
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