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Average manufacturing pay settlements ''remain stable''

19 April 2011
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Average manufacturing pay settlements ''remain stable''The average rate of increase in pay settlements within the UK manufacturing industry rose by 2.4 per cent in the first quarter of 2011, new data show.

Figures from EEF, the manufacturers' association, suggest the traditionally busy negotiating period has not witnessed a sharp rise in wage demands.

Experts had predicted that wages could be pushed up by growing cost pressures, but the continued labor market and economic uncertainty has restricted pay expansion.

Demand planning specialists and operations management professionals are advised the EEF report also reveals April is the second most popular month of the year for settlements to be finalised so there will be high levels of interest in this month's totals.

Lee Hopley, chief economist of the organisation, remarked: "The Bank of England will be relieved that concerns around the pass through from high inflation to greater upward pressure on pay have not materialised as yet."

The EEF has recently welcomed the launch of the UK government's Regional Growth Fund, which is intended to support research and development and generate employment within the manufacturing industry. ADNFCR-3058-ID-800505452-ADNFCR
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