BT strike averted
A strike by Communication Workers Union (CWU) members has been averted following agreement having been met BT and the union's executive. The CWU balloted members back in June following a 2% pay increase proposal when the Chief Executive saw his remuneration increase by 79% in 2009-2010.
The union were pushing for a 5% increase but the agreement sees members receive a 3% pensionable pay increase backdated to January 2010 and running for 39months.
"This agreement is good for BT, its employees, shareholders and customers. BT will benefit from a long period of certainty whilst our employees will have financial stability during uncertain economic times. I am pleased that we have been able to work with the union's leadership to resolve this matter as industrial action would have been in no-one's interest."Ian Livingstone, (Chief Executive) BT
The CWU will now recommend the package to members in a consultative ballot in the next few weeks.