NEW YORK TIMES
Rover Group Ltd., the British auto maker owned by BMW of Germany, said today that it had reached agreement on a three-year pay package after almost a week of talks with its joint trade unions.
The agreement includes a pay increase of 3.5 percent in its first year beginning Nov. 1. In each of the next two years, the pay increase will be equal either to Britain’s retail price index plus half a percentage point or to 3.5 percent, whichever is higher.
Rover said workers with at least 12 months’ service would receive a further 1 percent increase, payable from Nov. 1.
”This is a fair and reasonable deal that both rewards employees and gives the company stability for the future,” the company said.
Rover said union members would vote on the accord later this month.
Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...
Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.