It is reported that staff at Jaguar Land Rover (JLR) are to be given a vote vote on a one-year pay freeze and a four-day week, in return for no compulsory job losses for two years.
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The BBC reported that the deal has been agreed between the firm and union leaders, and workers are due to decide within the coming weeks.
The report said the deal aims to help JLR save up to GBP70m a year.
“We have had a number of constructive meetings with the unions to reach this agreement,” said a company spokesman.
“The unions recognise the severity of the situation and the need to take action to achieve further cost reductions while avoiding further redundancies.”
