BT and unions reach pay agreement

There is peace at BT as the telco group announces a UK Cost of Living Pay Increase that could end strike action at the company.

All employees earning less than £50,000 per year are eligible for a £1,500 salary increase from BT.

All frontline BT employees and 51% of UK managers would receive the consolidated salary rise.

In addition to BT’s earlier increase in pay, it means that the lowest-paid would see a pay hike of more than 15% this year.

BT states that Prospect and CWU unions will hold consultative ballots recommending that people vote for them. If CWU members vote in favour, it would end The first national strike at BT in 35 years.

BT also announced that the 2023 pay review was moved to September next year and will now take into consideration the January Cost-of-living Pay Rise.

BTCEO Philip Jansen was conciliatory, saying:

“This award is based upon the principles that we have followed during this difficult time. It helps as many colleagues as possible, favours lower-paid colleagues, and provides security through a pensionable, built-in increase to your pay.

It has been developed in collaboration with the CWU. As I have said, our unions, despite our differences, are vital partners.

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.