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.

If you liked the article, share on:

Topics: jaguar, land rover

Comments

Recommended

The new Audi TT RS – yes, the top version of the German carmaker’s facelifted TT model series – is now officially here. If you could remember, the range-topping TT...
by - February 18, 2019
Nearly half a year ago when McLaren Automotive unveiled the McLaren 600LT Coupe, the British carmaker is now introducing a version that lets its passengers enjoy the thrill of an...
by - January 25, 2019
German carmaker Volkswagen is now making the latest evolution of the new Volkswagen Golf GTI -- the new Golf GTI TCR. First unveiled as a concept at the annual GTI...
by - January 24, 2019
It has been three and a half years since BMW unveiled the sixth generation of the BMW 7 Series. Thus, it is really about to give the 7 Series a...
by - January 17, 2019
Nissan is commencing sales of the 2019 Nissan Altima on October 3, 2018 in the United States. As expected, the Japanese carmaker has already divulged the details and specs of...
by - November 26, 2018