Aston Martin introduces new well-being agreement

Aston Martin has announced it is promoting well-being within its workforce by committing to increased pay and reduced contracted hours for manufacturing technicians.

More than 2,500 employees and contractors will benefit from the new deal which is being introduced to promote a positive work-life balance.

The new agreement includes a four per cent annual pay increase for its general staff in 2024 and 2025, with manufactures receiving a four per cent increase in 2024 and a 1.5% rise in 2025 alongside a reduction in working time by one hour a week.

Eligible employees will also receive a one-off payment of £1,000.

Simon Smith, chief people officer of Aston Martin, said: “Achieved through our positive working relationship with trade union colleagues, this new agreement recognises our commitment to putting people at the very heart of our organisation and making Aston Martin a great place to work. It builds on our continued support for colleagues with the high cost of living and throughout the Covid-19 pandemic.

“In addition to rewarding our skilled and dedicated employees, this agreement also promotes talent retention, providing labour certainty for the business as we enter an important period of production, with the ramp up of new models that will support the company’s financial goals in 2024 and beyond.”