By Daniel Hunter
Pay pressures are remaining absent through the bargaining period for manufacturing companies who are keeping a tight hold of internal costs in the face of difficult economic conditions, according to the latest survey on pay data from EEF, the manufacturers’ organisation and JAM Recruitment.
According to the EEF/JAM pay survey of over 200 companies the average settlement level for the three months to the end of February was 2.3%, the same figure for the previous 3 month period to the end of January. and a shade lower than the 2.5% average deal reported a year ago. Furthermore, almost 90% of settlements were agreed at 3 per cent or less.
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