Pay settlements creep upwards

AVERAGE pay deals in manufacturing firms increased by 0.2 per cent to 2.4 per cent in the three months to the end of February, manufacturing group EEF announced yesterday.

However, the growth is merely returning settlements to normal levels, following record lows seen during the recession, EEF said. “Continued caution due to economic uncertainty is outweighing any demands for significant increases in pay settlements,” it said.