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Salvesen keeps pay rise to 3% after profit gloom
Page 9
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W Christian Salvesen has restricted this year's pay offer to an inflation-matching 3% increase after a string of profit warnings and an admission that its performance over the last 12 months has been "disappointing" (CM 27 February-5 March).
According to the Transport & General Workers Union, the offer on the table also includes a 3.5% rise for drivers of 32-tonne vehicles, designed to make up a pay differential in that category.
However, Salvesen itself remains tight-lipped about the negotiations. A spokeswoman for the company says that the pay process is still '`ongoing".
In February the company said that drivers' wages, driven by the skills shortage, had contributed to a general rise in costs.
Meanwhile Salvesen has admitted that the appointment of someone to oversee the eventual merger of the company's UK Industrial and food divisions is unlikely to take place for another six months at least.
More details on the merger, which could result in possible depot closures and job losses, are expected to be revealed in Salvesen's financial results on 2 June.