Rolls-Royce Offers $2,500 Payment to Workers as Inflation Bites

LONDON—Rolls-Royce Holdings PLC is providing U.Ok. workers a one-time cost of £2,000, equal to about $2,450, hoping the bonus will assist ease stress from union officers and workers over rising inflation whereas protecting a lid on the jet-engine maker’s prices forward of an unsure financial future.

The transfer is one among many approaches corporations are taking to tackle hovering inflation that has unions and employees in lots of components of the world demanding higher pay. For months, private companies have been boosting salaries and wages and providing signing or retention bonuses, amid exploding post-lockdown demand and super-tight labor markets. More lately, surging costs for objects from meals to gasoline have weighed on workers’ buying power, pressuring employers to increase pay to make up the shortfall.