Pay data issued by EEF, the manufacturers' organisation, shows that for the three months to the end of November 2010 the average pay settlement increased to two per cent from 1.8 per cent for the three months to the end of October.
However, the figures also show that pay freezes are still running at almost one in four settlements, indicating that there still remains considerable downward pressure on companies to control their internal costs.
Commenting on the figures, Lee Hopley, EEF chief economist, said: "This upward trend clearly reflects a return to more normal pay bargaining conditions and the end of a long period during the recession when reductions, freezes and deferments were the norm."
According to the latest Purchasing Managers' Index, there was significant growth in the UK's manufacturing sector in November compared with the previous month, with a reading of 58.0 recorded.
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Posted by Wayne Bly
Source: The Sales Engineer News
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