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 [...]
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 [...]
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 [...]
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 [...]