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Latest News

Engineering and manufacturing pay settlements remain at 2.2 per cent

by Personnel Today 17 Apr 2002
by Personnel Today 17 Apr 2002

Pay
settlements at engineering and manufacturing companies remain stable at a
historically low level of 2.2 per cent, according to the latest figures from
the Engineering Employers’ Federation.

For
the three months to March 2002, the average settlement level was 2.2 per cent –
the same figure reported for the three months to February 2002.

Over
the same period, nearly 25 per cent of companies reported pay freezes and just
over seven per cent  said they had
deferred their pay settlements.

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David
Yeandle, EEF deputy director of employment policy, said: "This continuing
historically low level of pay settlements clearly demonstrates that there
continues to be no wage inflationary pressures coming from the engineering and
manufacturing sector."

By Quentin Reade

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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