Manufacturing sector gripped by pay freezes

first_imgFeatures list 2021 – submitting content to Personnel TodayOn this page you will find details of how to submit content to Personnel Today. We do not publish a… Comments are closed. Previous Article Next Article Manufacturing sector gripped by pay freezesOn 27 Jan 2004 in Manufacturing, Personnel Todaycenter_img Nearly a quarter of all engineering and manufacturing firms that reportedpay settlements in the three months to the end of December 2003 alsoimplemented pay freezes. According to the EEF, the manufacturers’ organisation which collected thefigures, it is the highest level of pay freezes reported since February 2002. David Yeandle, EEF deputy director of employment policy, said: “Thehigh level of pay freezes, together with the continuing low level of paysettlements, reinforces our view that wage inflationary pressures remainbenign, and should not be of concern to members of the monetary policycommittee when they next review the level of interest rates.” Related posts:last_img read more