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Pay rise hopes for Red Star staff

8th January 1998
Page 9
Page 9, 8th January 1998 — Pay rise hopes for Red Star staff
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Which of the following most accurately describes the problem?

• Red Star staff will "almost certainly" get a pay rise this year for the first time since the company was privatised, according to its managing director John Holmes.

Holmes led a management buyout from British Rail in September 1995 when Red Star was losing E9m a year. Staff have gone without pay rises to help the company into the black. Early last year they opted for profit-related pay (PRP) instead of a rise but the company failed to hit its last-quarter 1997 targets and suspended the scheme for four months to avoid a heavy tax penalty.

The RMT union says: "We hope to meet Red Star early in the New Year and we'll be looking for something to cover that period when the PRP was frozen. The staff feel the problem was not of their making."

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