Engineering and manufacturing pay settlements remain at 2.2 per cent

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.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

LinkedIn

This field is for validation purposes and should be left unchanged.

Δ

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