Staff welcome news of the company-wide bonus
Growing sales have resulted in a more than six per cent bonus for Heathcoat staff at the end of the company’s financial year. With continuing growth in demand for its global-leading technical textile manufacturing expertise over the past year, the company’s profit share scheme is paying out a bonus equal to 6.4% of each employee’s annual earnings.
Chris Kiely, Finance Director said:
“Our financial year to the end of May 2023 was a year in which we faced, and responded to, a range of challenges to the business, including ongoing impacts across the wider supply chain and unprecedented volatility in energy and other costs. We have continued with our capital investment programme across the business which, coupled with the continuing commitment of our employees, has enabled Heathcoat to deliver a robust financial performance in the year. It is therefore appropriate that they should directly participate in this success through the company’s longstanding profit share scheme”.
This latest payment follows a recent 9% pay award aimed at helping current, and indeed future staff, and their families in dealing with the continuing high cost of living.
Heathcoat Fabrics manufactures a wide variety of fabrics, which are sold across the globe. Their fabrics can be found everywhere from the International Space Station to golf simulators in Dorset; are used by military and frontline emergency services; in aircraft, trains and electric vehicles as well as under the bonnet of most combustion and hybrid engine vehicles across Europe. Not forgetting parachute fabrics used in celebrated space missions, such as NASA’s 2021 Perseverance Rover landing on Mars.
The continuing programme of investment in new equipment, together with increased market demand, has created further local employment opportunities within the business. There are also openings for graduates to join a varied three-year Graduate Development Programme aimed at nurturing project management skills and technical knowledge across the business. Applications for all opportunities can be made through www.heathcoat.co.uk/careers.
Heathcoat’s company profit share scheme sets aside a fixed percentage of the company’s annual profits which is then distributed twice a year amongst its nearly 500 employees.
Pictured with Chris Kiely, Finance Director are Sarah Nutt, Sharon Huish, (Chris Kiely), Daniel Ayre, Adam Passmore & Sarah Willis.
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