Workers at Honda’s car plant in Swindon are set to get an inflation-busting pay rise following four weeks of negotiations with trade union Amicus.
Amicus is recommending acceptance by postal ballot to the improved benefits package that, the union claims, Honda says will add 5.66% to its wages bill.
The offer is made up of 3% on basic pay rates, a 1% lump sum payment and an additional £5 a month attendance allowance.
This, according to Amicus chief negotiator Jim D’Avila, represents a minimum of 4.31% of extra money for all Honda workers.
A further 0.35% and 0.7% has been added to the wage bill to cover improvements to the sick pay scheme and the Honda merit pay system respectively.
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By GlobalDataD’Avila said: “Honda’s improved benefits package was not exactly what we wanted. But the union’s negotiators recognised that the final offer would put a minimum of 4.31% of new money into our member’s pockets and that this is one of the highest settlements within the industry this year.”