BT Group - Pay 2014
Above Inflation Rise - BT Response
21 March 2014
The CWU negotiating team, led by Andy Kerr, Deputy General Secretary, met with BT earlier this week for the second in a series of talks on the 2014 annual pay review for Team Members. BT has wrote a formal reply on 20 March 2014, in response to the Unionís claim, stating that the claim is not acceptable to them both in terms of quantum and construct. They stated that the claim would amount to increases of between 4.3% and 6.3% for team members, which was significantly out of step with all the measures and data that they had shared at the meeting, particularly median pay settlements.
The CWU team restated the case for an above inflation pay rise of 3% plus £500 which is fully consolidated and pensionable, pointing to:
- The considerable contribution, commitment and flexibility made by CWU members in helping BT to succeed in a competitive market.
- BTís solid financial performance including growth in profits, revenue and free cash flow.
- The substantial rise in BTís share price, up 68.4% since April last year.
- The positive outlook for the future through rapid rollout of fibre broadband and growth in BT Sport.
The CWU believes an inflation-plus rise is both affordable and justified given BTís current performance and the contribution made towards this by CWU members.
The CWU will be meeting again with the company next week and CWU branches and members will be kept informed of progress.