Jaguar Land Rover and union agree on pay and pension deal

Article by Christian A., on December 4, 2014

Jaguar Land Rover has reached an agreement with union representatives over pay and pensions. The deal will be recommended to it workers to settle a dispute that nearly prompted an industrial action. Talks over wages failed in October and more than over 95 percent of balloted staff voted “No” to the original proposal in November, fearing a reduction in pensions for some employees.

The vote also prompted unions to threaten industrial action. Management had originally proposed at least a 3-percent increase in pay in each of the next three years plus a one-year bonus, a union source told Reuters.

Jaguar Land Rover also had proposed some revisions to pension terms, according to a trade union source, although the carmaker recently said that pensions were untouched under the new agreement. Workers' representatives, however, determine that pay hike was not enough reward for their contribution to the carmaker, which was able to double its pretax profits in three years to GBP2.5 billion in the year ended March 31.

Jaguar Land Rover, has revised the offer, proposing a 4.5-percent pay increase in the first year of a two-year agreement, plus a bonus payment of GBP825 per employee.

In the second year, employees will either a 3-percent pay hike or the Retail Price Index measure of inflation plus 0.5 percent, whichever is higher.

Unions said the agreement will benefit around 15,000 members of JLR's workforce in the UK. The union has already recommended the agreement for balloting with JLR’s employees.

Topics: jaguar, land rover

If you liked the article, share on:

Comments

Recommended

It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Toyota Motor Corporation disclosed that it will be bringing two of its Mirai fuel cell vehicles to China by October of this year. Tests will then be conducted on these...
by - April 28, 2017
Jaguar fans, as well as auto enthusiasts in general, has a reason to celebrate this week as the brand gave everyone a peek of the new 2018 XF Sportbrake. This...
by - April 28, 2017
BMW has revealed that its i brand has partnered with TED in order to launch a worldwide search of unique ideas under the title “NextVisionaries.” This brand has long been...
by - April 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries