After five months of intense negotiations, engineering company Rolls Royce has reached an agreement with trade unions that will see its 22,000 UK employees get a pay rise of between 7% and 11.7% over three years. Unite, the country’s largest trade union, expressed delight at a deal which “beats” inflation. The deal will also involve the group restructure its pensions system, as it looks to reduce the related cost.
Signed half-way through the month, the agreement provides for a 3.7% pay rise in 2018. In 2019, the pay increase will be in line with the UK’s retail price index (RPI), rather than the consumer price index (CPI), which will be more beneficial to workers. The agreement sets a minimum increase of 1.5% and a maximum rise of 4%. Another wage increase will come in 2020, equivalent to RPI plus one quarter of a percentage point, again within the same limits of 1.5% and 4%. Tony Tinley, regional office
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