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UK manufacturing wage growth slows

19 July 2011
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UK manufacturing wage growth slowsBritons involved in manufacturing management are advised that pay settlements in the sector have reduced over the past couple of months, following data from one industry body.

According to EEF, the manufacturers' organisation, the average pay settlement for the quarter to the end of June was 2.5 per cent, coming after a period of gradual increases.

The body's research also found that close to 25 per cent of all settlements are below two per cent, while 12 per cent of settlements resulted in a pay freeze being agreed.

Commenting on the statistics, EEF chief economist Lee Hopley said: "Whilst there is undoubted pressure to give higher settlements, there is an equal dose of realism amongst companies and their employees in response to economic uncertainty and competitive pressures."

However, John Morris, chief executive of Jam Recruitment, added despite the data, employees are still asking for high wages because they know their skills are extremely valuable and worthy of an employer paying a premium.

The research comes after the European Commission revealed industrial production fell by 1.1 per cent in the UK in May, compared to April.  ADNFCR-3058-ID-800625705-ADNFCR
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