Feeds

BT workers accept 3.5% pay rise

Bosses get whopping pay-out

  • alert
  • submit to reddit

The essential guide to IT transformation

BT workers have stepped back from the brink of strike action after voting to accept a 3.5 per cent pay rise from the UK telco.

The Communication Workers Union (CWU) was on verge of balloting for strike action until it managed to twist BT's arm and force it to increase its pay offer from 2.7 per cent to 3.5 per cent.

"The company had claimed it couldn't afford more than 2.7 per cent, but CWU negotiators dug their heels in for long and tough negotiations, coming up with a 3.5 per cent offer which was accepted today (1 June) in a ballot of CWU members within the company, by nearly four to one," said the CWU in a statement.

While union officials are no doubt slapping themselves on the back for securing such an impressive pay raise, the CWU's triumph coincided with the publication of BT's annual review and the news that BT's top execs can expect big pay-outs if they stay at the telco.

Chief exec Ben Verwaayen could pocket £2.8m this year as he and other top execs received generous "golden handcuffs" as part of plans to retain senior staff following the departure earlier this year of former BT Retail boss Pierre Danon. ®

Related stories

CWU accepts BT pay offer
BT workers' union rejects 'derisory' pay offer
BT workers demand 8% pay rise

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?