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 has been two years since Fiat Chrysler Automobiles started courting suitors for a potential buyout. Naturally, two Chinese automakers namely Guangzhou Automobile Group and Great Wall Motor Company have...
by - September 24, 2017
What is your favourite colour? Is your car finished in the colour that reflects your personality? Nissan recently did a study about the correlation between the colour of a person’s...
by - September 24, 2017
The BMW X2 will be the company’s next entry-level compact crossover to join the lineup. And because of that, it needs to up its game so it makes sense for...
by - September 24, 2017
Just a month ago, Wolfgang Durheimer, the former president of Bugatti, was removed from the company so he could replace Stephan Winkelmann, former Lamborghini CEO and Audi Sport boss as...
by - September 23, 2017
BMW will be launching a new Competition Package especially for the M5’s 2018 model year. While in Frankfurt, Andy Cook, BMW’s product exec has talked with Motor 1 regarding some...
by - September 22, 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