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Will this go below £1.80?
BT's mistake was going in too high at 8%, they should have offered 4%, then increased it to 8% and everyone would have been happy.
you bring up a good point and this is the problem that the pay freezes have caused as per the statement on April 28th by Prospect, as per usual they are bending over and just taking it.
'BT is attempting to impose a pay award for managers in BT that is significantly below inflation, on the back of a two-year pay freeze in 2020 and 2021'.
We also have to remember that this isn't just managers that are affected by this as a lot of engineers are also lumped in with these.
Just shows though doesn't it. How useless Prospect are, mangers got awarded 2.5-3% pay rise and were told to accept it or get nothing, Prospect didn't bat an eyelid or fight.
OR and call centres team member grades get offered 5% which I agree is not enough, but at least they have the power to do something about it. No wonder so many are leaving Prospect, all talk but do F all
When I realised how much the CEO earned I was not surprised the workers were angry. Come on BT board do you have to rub the workers nose in it. Get around the table and first item is an apology for the total greed.
The BT BOD's should offer BT employee's a 11% inflation increase, but next year when inflation drops back so does the increase, and when infation drops back to the expected 2% in 2 years time so does the 11% increase. No they wouldn't want that they want their cake and eat it too.
"BT imposed the £1500 thinking all the new staff benefitting would vote NO with their 8% increase"
8% increase, what more do they want, jam on it? Inflation is expected to drop next year, will the 8% increase drop? No. I think that the BOD's are being very generous. If emplyees want more, move jobs.
BT imposed the £1500 thinking all the new staff benefitting would vote NO with their 8% increase. But they’re young and savvy and see right through this Tory government.
They don’t have mortgages they live with their mates and family and see the devastation of rising costs and inflation.
It’s happening in every sector even barristers ffs.
BT can head it off. It’s critical time with the FTTP build. They can’t let the altnets take advantage of this so will agree a settlement imo.
However in 5 years the OR workforce will be redundant and that’s a fact.
Fleccy , Bt is far more profitable than competitors and has a monopoly. Pay shouldn’t be brought into line with competitors. That is called a race to the bottom of wages, something developing nations have with large corporations.
I said all along there would be a strike.
I would like to think bt will come back with an offer of £1900/2000 flat , but I imagine they won’t and strikes will occur.
I am a shareholder but would prefer a settlement as otherwise the sp will go backwards and it will hit profits anyway.
"Hopefully it will see a deal sooner rather than later"
If it was me I'd up the offer to £1500.01, and if I was really pushed maybe £1500.10. That extra 10p could make all the difference.
"It’s not all about pay there’s other issues which people are 100% not happy about ie £500 of shares promised each year (now gone) no share save for last 2 years which was a way of saving, forced redundancy changed from 2 years to 12 months after it was promised after they shut down the pension scheme with no consultation, the new one is trash compared basically loosing thousands, plus many more issues etc etc,"
I was in a final salary scheme since the 1980's, and then around 2009/10/11 the scheme was changed from 40 60th's to 40 85th's, with the option to improve it through salary sacrifice, and the company matching the salary sacrifice up to 10%, which I opted for; With the salary sacrifice of 10% and the company matching 10% it brought it down 40 63rd's, It didn't matter much though, because we were taken over a couple of years later, and the Final Salary scheme stopped about a year later; We were then put on a DC pension, which I contributed into up to being made redundant. I was made redundant with 12 months pay, standard for FTSE Blue Chips; Three months notice, plus 4 weeks for every year worked up to a maximum of 10 years.
Grs24, BT's benefits seem generous, at least as good as other comparable FTSE blue chip companies, and probably better than most. Who gets 2 years redundancy payout these days? BT have been super generous in the past, but they still have to compete with non unionised businesses like Virgin Media, City Fibre, Vodafone, etc. All BT have done, is gone some way to bring you in line with their competitors, but you're probably still better off than most.
Or as I was always told by my dad.....stop moaning ,..change your attitude or change your job. There are plenty of options out there for skilled people
I bet the privileged, jobs for life, FSP strikers will be expecting Tesco, Sainsbury, Waitrosei, Aldi etc etc to be open when they're on strike.
"CWU do have contempt for shareholders but they do seem to want to be treated equally with shareholders.
Perhaps BT should adjust their offer to strikers to reflect shareholder returns over the past five years, that would show they are listening and also save loads of cash !"
BT shareholders/owners went without a dividend throughout the pandemic, now the dividends have been restarted at half of what the payment was previously. Funny how the union didn't tell it's members this.
Before the usual rants from people that have no idea and live in their little bubble of (I know it all but know bugger all) on here who think it’s all about pay, It’s not all about pay there’s other issues which people are 100% not happy about ie £500 of shares promised each year (now gone) no share save for last 2 years which was a way of saving, forced redundancy changed from 2 years to 12 months after it was promised after they shut down the pension scheme with no consultation, the new one is trash compared basically loosing thousands, plus many more issues etc etc, just to make thinks clearer to the minority, you don’t get a 95.8% yes vote for nothing do you
CWU do have contempt for shareholders but they do seem to want to be treated equally with shareholders.
Perhaps BT should adjust their offer to strikers to reflect shareholder returns over the past five years, that would show they are listening and also save loads of cash !
Have never worked in a call center so, don’t know. Engineering, well, every day a vehicle check, risk assessment on every job, taking breaks when they should be taken, lots of little things that people should do all the time but in the real world that dose not happen. It can be very easy to become stuck in traffic , not be able to respond to a phone call instantly, replenishment of stores when you should instead of when you can. Many other little things that can add up to delays or jobs not getting done that day. Let’s be honest, we can all make things difficult in a situation if we feel we need to , to benefit our personal position in life. You know as well as I do that we don’t follow every rule all the time in the workplace. Hopefully it will see a deal sooner rather than later…
" don’t know how the ballot was worded but in the past it has been, up to and including strike action, if so then other things may be implemented by the CWU before strike action, work to rule etc, believe me just that can cause major issues."
How can call centre staff work to rule? I've dealt with faults in call centres and seen how they operate. The system constantly measures performance through workforce management software, with the staff measured on call answering times, etc. The supervisors, on the sites I've worked, also had real time statistical analysis tools, with the capability to remotely monitor external operators screens.
The Engineers could probably work to rule, but my understanding is that Openreach use contractors to perform a good percentage of the installs these days.
Network Operation Centre Engineers probably work shifts, and are also likely measured against SLA's. I've worked Field and Network Operations, with performance related pay, not flat rate pay rises. I have no idea if BT award pay rises measured against performance, but it's common in other companies/industries these days. Working to rule isn't as easy as it used to be.
Fleccy. Just experience really. Having lived through several battles between BT and the CWU some of which have come very close to getting out of hand, in the end a settlement was reached. I don’t know how the ballot was worded but in the past it has been, up to and including strike action, if so then other things may be implemented by the CWU before strike action, work to rule etc, believe me just that can cause major issues. I honestly hope and believe that there will not be a strike, even if there is, I would hope it is short lived…
"No doubt there will now be new talks between BT and the CWU which hopefully will result in an agreement before any action takes place."
How will they come to an agreement? They seem to be miles apart. My personal opinion is that BT should hold their ground. Delays due to strike action wont require compensation since they'll be covered under Force Majeure, and if BT gives in it'll validate bigger pay claims in other industries. Why does the CWU talk about shareholder's with such contempt? My pension is capped at 4.2%, currently around £20,000 a year; I've saved my ar5e off all my life, and invested in stocks to supplement my pension in retirement. If I'm honest, the CWU rhetoric directed at shareholder's makes me despise them, since it feels personal. Anyway, I hope the BT management hold their ground.
sp, error should be, up
Winning a ballot for strike action, does not mean there will be strike action. No doubt there will now be new talks between BT and the CWU which hopefully will result in an agreement before any action takes place. As for the comment, staff will lose money by striking that they may not get back, well in 1987 there was so much overtime for nearly 6 months that staff ended sp with more in there pockets that year than they likely would have had if they had not gone on strike…
" BT’s chief executive Philip Jansen, who received a 32%pay rise last year to £3.5m due to bonuses and share awards, has said the company cannot afford to sweeten its staff deal. BT made almost £2bn in profits for the year to the end of March, with shareholders receiving £700m in dividends."
The Guardian couldn't wait to tell its readers what it thought ...had all that prepared in advance of course
https://www.theguardian.com/business/2022/jun/30/bt-staff-vote-for-first-national-strike-in-35-years
https://www.theguardian.com/business/2022/jun/30/bt-staff-vote-for-first-national-strike-in-35-years
The sad thing is there will be no winners in this, the staff will lose pay and pension contributions, BT will give a littlemore, the unions will claim victory, customers will suffer with a reduced level of service and the share price will drop. The additional pay the staff gain probably won't make up for the pay they've lost for a number of years, struggling to see how this is in anyone's benefit, a sad day for all involved.