TUC warns against wage freezes

• 03 March 2010

  Employment law and trades union rights may prevent businesses from freezing wages in a bid to cut costs.
  
  This was the warning from general secretary of the Trades Union Congress (Brendan Barber).
  
  Mr Barber explained that some firms may be doing this as a money saving move, but that unions would not give them an "easy ride".
  
  "While some firms will continue to struggle in 2010, unions are wise to companies using the recession as a ruse to boost profit margins through pay freezes and cuts," he continued.
  
  But freezing wages may eventually prove harmful to the country's economy, as it can alter consumer spending power, Mr Barber cautioned.
  
  USwitch.com revealed the results of a YouGov survey yesterday (March 2nd), which claimed that nine million UK workers thought any wage increase gained this year would be below the Consumer Price Index.
  
  And 31 per cent of people thought they would be worse-off financially this year than last.
  
  For further information on any of our Employment Law services or to find out how we can assist you please call us on 08456 122 144.
  
  Posted by James Hill

Related news

• 06 September 2010 Voluntary work 'does not always save money'

  Voluntary work will not necessarily play an influential role in cutting business costs, one expert has stated. Tina Thompson, director of Third Sector Management, said organisations may not s ...

• 03 September 2010 Managers need more training on dealing with volunteers in the workplace

  Businesses that make use of volunteers need to ensure they have enough time and resources to manage them, one expert has suggested. Director of Third Sector Management Tina Thompson said boss ...

• 03 September 2010 Employers 'do not know' how to deal with depression

  Employers are clueless when it comes to handling mental health in the workplace. That is the view of Andy Bell, deputy chief executive of the Centre for Mental Health, who claimed "by an ...

• 01 September 2010 Businesses 'should improve disabled access'

  Improving facilities for disabled people should be a priority for UK businesses in the lead-up to the 2012 Paralympic Games, the government has stated. With approximately one million disabled ...

• 31 August 2010 'More protection needed' for businesses against criminal actions by staff

  Businesses need greater protection from criminal activity carried out by staff members. That is the view of chairman of the recruitment society Steve Huxham, who said the current economic cli ...