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Business performanceLatest NewsEconomics, government & businessPay settlements

Pay goes up in manufacturing

by Michael Millar 25 May 2005
by Michael Millar 25 May 2005

Manufacturing pay settlements have edged up slightly to 2.8%, according to the latest figures from EEF, the manufacturers’ organisation.

The average level of pay settlements for the three months to the end of April 2005 rose slightly, to 2.8%, from the reported figure for the previous three-month period of 2.7%.

However, some additional settlements for this latter period that have just been reported meant that this figure has now been revised upwards to 2.8%.

During the three-month period to the end of April 2005 the number of companies reporting that they had frozen pay rose slightly to just over 6% of all settlements and the number reporting that they had deferred their pay settlement also rose to just under 4% of all settlements.

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However, David Yeandle, EEF deputy director of employment policy, warned that in general there continued to be no sign that wage inflationary pressures were building up in this sector.

 

Michael Millar

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