Rolls-Royce, the renowned British engineering firm, announced on Thursday its decision to grant £700 worth of shares to every employee across its global workforce. This unprecedented move comes in the wake of a remarkable resurgence in the company's financial performance, characterised by improved profit projections and the resumption of dividend payouts to shareholders.
The share award, equivalent to 150 shares per employee, is a testament to the company's robust recovery under the leadership of CEO Tufan Erginbilgiç. Since his appointment in January 2023, Rolls-Royce has experienced a fivefold surge in its share price, largely attributed to a rebound in international travel following the COVID-19 pandemic and a successful restructuring plan implemented by Erginbilgiç.
This initiative to share the company's success with its employees underscores Rolls-Royce's commitment to recognising and rewarding the contributions of its workforce. The share award not only serves as a tangible expression of gratitude but also aligns the interests of employees with the company's continued growth and prosperity.
