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Daily Mirror
Daily Mirror
Business
Levi Winchester

Virgin Media O2 to give thousands of staff £1,400 worth of cost of living payments

Virgin Media O2 is to give thousands of staff cost of living payments totalling £1,400 to help with rising bills.

Employees earning £35,000 basic pay and under will receive the extra cash bonus.

The first payment worth £400 will be paid in November, followed by another £400 in January 2023.

A further six payments of £100 a month will then be given to employees until July 2023.

Philipp Wohland, chief people officer at Virgin Media O2, said: "Virgin Media O2 is proud to be a leading UK employer and we're stepping up for our people when they need us."

Has your employer introduced a cost of living bonus? Let us know: mirror.money.saving@mirror.co.uk

He added: "We're supporting our employees most affected by the rise in the cost-of-living with a payment of £1,400 to help them through the difficult months ahead.

"Coupled with an earlier pay uplift and bonus, this represents an overall above-inflation increase for many of our people."

Virgin Media O2 is also introducing enhanced maternity, adoption and paternity policies.

This will include giving 26 weeks’ paid maternity or adoption leave, and 14 weeks’ paid paternity leave to any new parent.

The company will also give up to five days paid leave to help employees deal with emergencies at home or to help them support their family, and up to 10 days paid leave to support people who have experienced the loss of a loved one.

In addition, Virgin Media O2 is introducing five days of paid carer's leave.

Helen Walker, chief executive of Carers UK, said: "We're delighted that our corporate partner Virgin Media O2 will be offering unpaid carers in the organisation five days of paid carer's leave.

"We estimate as many as one in seven of the UK workforce has an unpaid caring responsibility for a relative or friend who is older, disabled or seriously ill.

"Juggling the two can be a challenging balancing act.

"Carer's leave gives working carers the flexibility they need to support their loved one - at routine hospital appointments, for example, or to recover from a planned operation."

Has your employer introduced a cost of living bonus? Let us know: mirror.money.saving@mirror.co.uk

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