Article in the Times yesterday stated that international investors are giving the UK a swerve partly because of the gross rewards CEOs have been rewarding themselves that bear no relationship to the success of the business. Inflation, housing, the rate of interest, austerity are all part of the struggle but for some considerable time the workers have been losing. If you don't fight your corner no-one is going to do it for you and anyone waiting for Rachel Reeves to come along will be sorely disappointed.
I’ve not heard of anyone*, public or private sector getting anything like 13.4%
JLR factory workers; 12.4%
Rolls Royce staff; 10% + £2000 cost of living bonus.
There will be more but these are just two fairly high profile ones I noticed over the last few months.
Rolls Royce staff; 10% + £2000 cost of living bonus.
Wrong, on both figures
10.1% payable from April here, but that's because what CPI was in September 2022 and so thats what my local government pension should increase by, we shall see ......
RR - offer of £2k one-off lump sum was rejected as was 4% pay rise.
I don't know what, if anything, was finally settled.
Recent comments from newly installed chief exec describing the company as a 'burning platform' aren't re-assuring for employees or investors.
Im public sector and had 0 pay rise. But plenty of jobs don't have a pay rise too. Plus I think I'm paid reasonable well for what I do so don't particularly deserve a payrise.
Wrong, on both figures
okay, but figures are from reasonably reputable sources. Can you provide a more accurate source?
https://www.hrmagazine.co.uk/content/news/rolls-royce-factory-workers-win-record-pay-increase
https://www.birminghammail.co.uk/black-country/jaguar-land-rover-workers-12-24540883.amp
v8 - the HR mag article refers to RR cars which is a wholly owned subsidiary of BMW and has no connection to RR plc.
Do you have information to support your earlier post about RR?
Ah, I understand the confusion now; I meant RR cars. I apologise for my lack of accuracy. I have no info on the industrial relations of RR plc.