Ashtead profit share double staff's pay

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The Independent Online
Ashtead profit share double staff's pay

Four depot managers at Ashtead more than doubled their pay last year after the plant hire group shared out a record pounds 3.1m bonus amongst its workforce of 2,268. The group refused to disclose the actual figures, but the average manager, who earns somewhat over pounds 20,000 a year, saw a 22 per cent uplift from the profit share, with most ordinary employees receiving 10 per cent. The company said it was seeing an increase in market demand for the first time since 1990 as it unveiled a 68 per cent rise in profits to pounds 28.3m for the year to April. Annual dividends are to go up by a fifth to 3.65p a share. Investment column, page 20

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