UK - Unions representing staff at Peugeot's Ryton plant called off industrial action after the car manufacturer put forward a last-minute pay and pensions offer.
The workers voted last month to support strike action after the company proposed a two-year pay package that would see the pension contributions of 4000 employees rise from 4% to 5%.
But the Transport and General Workers’ Union cancelled the strike action after Peugeot put forward a new offer just hours before the walk-out.
A T&G spokeswoman said: “The company has suggested that the increase in pension contributions – which was a real sticking point – would be split and staggered.”
Under the new offer, workers’ pensions contributions would increase half a per cent in October 2003 and then a further half a percent in October 2004.
Workers will now be balloted on the new offer.
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