Manufacturing pay rises up slightly in the last quarter of 2006

Pay settlements for manufacturing firms have risen slightly in the last quarter, according to the latest figures from EEF, the manufacturers’ organisation.

The average level of pay settlements recorded in the three months to the end of November 2006 was 3.1%, slightly higher than the figure for the previous quarter to the end of October 2006 of 3%.

The number of manufacturing companies reporting that they had frozen pay levels fell from about 5% to just over 4% of all settlements in the same period.

The number of firms reporting that they had deferred their pay settlement also fell slightly to just over 2%.

The research included 146 settlements covering 26,022 employees.

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