The average level of pay settlements in manufacturing has risen slightly according to the latest figures from EEF, the manufacturers’ organisation. However, the overall levels remain at a historic low demonstrating the impact of continued tough trading conditions on companies.
EEF’s pay data for the 3 months to the end of January shows that the average pay settlement has risen slightly to 0.8% from the revised figure of 0.5% for the previous 3 month period. This figure, which contains information about almost 250 settlements for January, is a significant indicator of future pay trends in…
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