Aston Raises UK Workers’ Pay by 4%

British luxury carmaker Aston Martin will raise annual pay by 4% for more than 2,500 employees and contractors across its UK manufacturing sites and offices for 2024 and 2025, Yadarisa Shabong reported for Reuters.

All eligible Aston Martin employees will also receive a one-off payment of £1,000 ($1,271.60) due to the continued high cost of living. I Photo: Aston Martin Facebook

Manufacturing technicians at the London-listed company will also receive a 1.5% rise in 2025, alongside a one-hour reduction in the working week, it said. All eligible employees will also receive a one-off payment of £1,000 ($1,271.60) due to the continued high cost of living, Aston Martin 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,” a spokesperson for Unite said in the statement.

The pay deal comes as Aston Martin stopped production of old models ahead of a ramp-up of production of fresh models later this year.