Polyflor profits hit £52 million as struggling workers strike

Posted by GMB Admin
Wednesday 5 October 2022
GMB Trade Union - Polyflor profits hit £52 million as struggling workers strike

Polyflor can clearly afford to do better

Flooring company Polyflor has seen profits rise to more than £52 million while hard up workers take strike action to make ends meet, says GMB Union 

James Holstead -  Polyflor’s parent company - posted a 9.6 per cent rise in revenue year-on-year to £291.9 million for the year that ended June 30. 

Pre-tax profit increased 1.6 per cent £52.1 million. 

Almost 200 workers at the firm are in midst of three weeks’ solid strike action until 14 October. 

Pickets will be staged from 8 to 10am and 4 to 6pm, Monday to Friday outside the factory on Radcliffe New Road, M45  

Workers voted to strike over a pay dispute. Shortly after they received a message from the company saying ‘process shifts for process workers are to be suspended...please do not turn up for your shift(s) from 6am on Thursday 1st September 

John Waddington GMB Rep at Polyflor, said: 

"Near record profits have yet again been made in the last twelve months at Polyflor. 

“Dividends paid to shareholders are to be the same as last year's record high and yet worker's wages have fallen in real terms by 10 per cent. 

“Workers are so desperate they’ve been forced to go on strike just to make ends meet. 

“Polyflor can clearly afford to do better - we urge them to get round the table with GMB and make an offer our members can survive on.” 

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