Rolls-Royce workers receive record 17.6% pay raise
Workers at luxury car maker Rolls-Royce have struck a new wage agreement with a 17.6% increase, preventing a strike, unions say.
About 1,200 workers at the firm's West Sussex plant will receive a 10% pay rise and a one-time bonus of £2,000.
Rolls-Royce, owned by Germany's BMW, said it was pleased with the union agreement.
“Since January 2023, everyone covered by our collective bargaining agreement will receive a 10% pay increase,” Rolls-Royce said. to keep up with rising costs of living.
Railroad workers began another 48-hour strike on Friday, with more strikes to begin next week in other industries.
Figures this week showed that prices rose by 10.7% per annum in November, the fastest pace in about 40 years.
Separate data showed that the gap between public and private sector wage growth remains near a record high.
According to official data, the average wages of private sector workers rose by an average of 6.9% per year between August and October, compared to only 2.7% in public sector wages.