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Latest News

Prices hold down manufacturing pay rises

by Personnel Today 19 Dec 2000
by Personnel Today 19 Dec 2000

Manufacturers are blaming low pay deals on a prices squeeze, according to a CBI survey.

Pay awards averaged 2.7 per cent in the three months to October 2000. This is down on the 3 per cent in the three months to July.

In the service sector, however, pay awards averaged 3.7 per cent in the same period.

“Manufacturing firms report that low profits and the inability to increase prices are the main constraints on pay settlements. Service firms have managed to keep their pay awards stable despite rising pressure for increases, caused by increases in the cost of living,” said the CBI’s chief economist Kate Barker.


www.cbi.org.uk


By Mike Broad

Personnel Today
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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Personnel Today
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