settlements in the engineering and manufacturing sector have remained constant
for the last six months, but there are signs the figures could rise soon,
according to research.
Engineering Employers’ Federation (EEF) has released figures showing the
average settlement has remained at 2.4 per cent since November 2002.
the last three months, the number of pay freezes fell to around one in nine of
all reported settlements – the lowest total for almost two years.
the number of companies reporting deferred settlements rose slightly to 6.1 per
deputy director of employment policy, David Yeandle, said the rise in
inflation, higher pay deals in the public sector and an increase in national
insurance could lead to an upward move for settlements in the industry.