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Pay rises flat in manufacturing
MANUFACTURING body EEF said yesterday pay settlements have remained flat in the last three months, as continued economic worries among employers put pay negotiations under a cloud.
One in six pay negotiations ended in a pay freeze, EEF said, with the average rise remaining stable at 2.2 per cent.
“Firms remain under intense pressure to control their internal costs in the face of global competition,” said EEF chief economist Lee Hopley.