Manufacturing pay settlements rise
The average level of pay settlements in manufacturing has risen very slightly, according to the latest figures from the EEF manufacturers’ organisation.
EEF’s pay data for the three months to the end of March 2010 shows that the average pay settlement has risen very slightly to 1.0% from the figure of 0.9% for the previous three-month period to the end of February. While this is now the highest level since April 2009, it remains at a relatively low level by historical standards.
The number of manufacturers freezing pay fell very slightly to just under a half of all reported settlements during the same period, while those deferring their pay settlement also fell very slightly to just under 20% of all reported settlements.