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Wednesday 03rd of November 2010

News Tag: pay rise

October 28, 2010

Firemen demand action to end dispute

by Kay Murchie
Firefighters will go ahead with industrial action over the crucial bonfire night weekend after talks collapsed between the Fire Brigades Union (FBU) and the London Fire Authority yesterday. The strike, which will take place from 10am on November 5 to 9am on November 7, incorporates Bonfire Night – the fire service’s busiest period. Members embarked on an eight-hour strike last Saturday and another is ...

September 13, 2010

Report reveals top execs in bonus cut

by Kay Murchie
Report reveals top execs in bonus cut
A report by accountancy firm Deloitte has revealed a slight fall in executive bonuses - at a time when some major companies have been facing backlash from their investors over the size of their remuneration packages. According to Deloitte, the average bonus for FTSE 250 executive directors is now 60% of salary - 10% lower than in 2009. The report said ...

July 9, 2010

BT reaches pay deal with union

by Kay Murchie
Telecoms giant BT has avoided strike action after reaching an agreement on pay with the Communication Workers Union (CWU). Workers were threatening strike action after senior executives were awarded huge bonuses which angered staff. However, a new deal, which the union has described as "fantastic" for its members resulted in a 2.3% rise in BT’s share price this morning. BT commented: "Having failed ...

July 6, 2010

BT strike ballot scrapped over “technical breaches”

by Kay Murchie
The union which represents BT workers has announced a strike ballot has been scrapped due to a legal issue. The vote for strike action came as senior executives were awarded huge bonuses which angered staff. The Communication Workers Union (CWU) said it was balloting members in support of a 5% pay rise after what it called a period of wage freezes ...

June 2, 2010

Bank of England Governor turns down pay rise

by Kay Murchie
Mervyn King, the Bank of England's Governor, has turned down a pay rise worth more than £15,000, according to the Bank’s annual report. The report, published today, revealed Mr King waived his right to a pay rise and comes just a few weeks before the Government is expected to announce severe spending cuts in an emergency budget. Mr King, who ...

March 2, 2010

Survey shows gloomy pay prospects for workers

by Kay Murchie
A survey by price comparison service uSwitch.com has revealed 16 million workers (or more than half the UK's workforce) do not expect to get a pay rise this year. The online survey of 4,235 adults also found that a further third of the UK’s workforce believed that if they did receive an increase, it would be below the rate of ...