Manufacturers show ‘realism’ with small pay rises
Little pay bargaining in evidence as average hovers at 2.6 per cent
Pay rises in the UK manufacturing sector have been a “below-average” 2.6 per cent in the first three months of this year, according to new data released today.
The industry’s main pay bargaining round had passed “with economic realism prevailing”, said manufacturers’ association the EEF, which compiled the figures together with JAM recruitment.
The 2.6 per cent figure represented a small increase on the previous quarter’s average pay rise of 2.5 per cent, but was still below the sector’s long-term settlement average of 2.7 per cent, said the EEF.
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