Erith pays £2.8m bonus to staff after ownership switch

Specialist engineering and demolition contractor Erith has paid staff £2.8m in bonuses since it switched to an employee ownership trust five years ago.
Around 450 of the 591 staff received two bonuses last year, taking the individual average payout so far to over £6,200.
Chairman Steve Darsey described being able to distribute two awards last year as a great achievement given the adverse circumstance of the last two years.Revenue at Kent-based Erith Holdings in the year to September