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Tech company becomes 110th sign-up
A Coatbridge company that generates almost 70 per cent of its turnover overseas has become the 110th company to sign up to the Scottish Business Pledge.
From their base in North Lanarkshire, SST design, manufacture and export a range of oxygen and gas sensing solutions from Coatbridge to aviation, marine and medical manufacturers in China, Japan, North and South America and the rest of Europe.
As of today, they are the 110th company to sign up to the Scottish Business Pledge – a voluntary commitment to nine principles made by Scottish companies to boost their productivity and competitiveness through innovation and fair work.
To make a pledge a business has to be paying the living wage (currently £7.85 per hour), already be delivering at least two other elements and committed to achieving the rest over time.
Deputy First Minster John Swinney announced the company's pledge during a visit to their Shawhead base, as part of today's travelling Cabinet in Coatbridge.
The Deputy First Minister said:
"Being able to celebrate SST being the 110th company to sign up to the Scottish Business Pledge while our travelling Cabinet is in Coatbridge is hugely encouraging.
"We are increasing economic growth by addressing inequalities – in other words, growing the economy in a fair way for all Scots. Today, SST are proving this isn't just something for city centre big business – every company can take steps to share our vision of an innovative, entrepreneurial Scotland growing sustainably.
"They are the 110th company to undertake to implement progressive workplace policies that both support their ambitions to grow and treat and pay staff fairly. That's roughly one a day since the Pledge was launched in May and up ten per cent in just this past week."
Keith Wight, CEO, SST Sensing Ltd said:
"The Scottish Business Pledge contains a range of criteria which SST have been incorporating into our business operations for many years. Our innovation and internationalisation strategies have ensure a stream of new products and expanding export markets. We feel strongly that employees should be treated well and if companies want to gain commitment from their staff, it seems only fair to offer a wage on which they can live rather than exist. Through offering a living wage and permanent contracts we benefit from a dedicated workforce with very low absence and employee turnover levels. The Business Pledge is an excellent framework on which to base business improvement and SST are committed to adhering to all the criteria on an ongoing basis."
Scottish Business Pledge has nine components: paying the living wage; not using exploitative zero hours contracts; supporting progressive workforce engagement; investing in youth; making progress on diversity and gender balance; pursuing international business opportunities; playing an active role in the community; commitment to prompt payment; committing to an innovative programme.
More information about the Scottish Business Pledge is available here.