BT and the Communications Workers Union (CWU) have reached a 39 month pay agreement for the telecoms company’s team members. The package will now be recommended to union members in a consultative ballot, which will take place within the next few weeks.
The agreement has been reached after both sides failed to reach a resolution on a one or two year deal. It now sees members receive pensionable pay rises worth three per cent each financial year from April 2010 to March 2013 with the rise being backdated to January 2010.
BT had previously offered a two per cent pensionable pay rise from April 2010 and a three per cent pay rise from January 2011 but the union had demanded a five per cent rise for 2010/11 alone.
BT has also offered lump sum payments worth up to £500 for each team member but these have now been removed given the revised terms for over 39 months.
BT chief executive Ian Livingston said: “The agreement is good for BT, its employees, shareholders and customers. BT will benefit from a long period of certainty whilst our employees will have financial stability during uncertain economic times. I am pleased that we have been able to work with the union’s leadership to resolve this matter as industrial action would have been in no-one’s interest.”