Labour Court recommends union’s bonus proposal for Guardian Royal Exchange inspectors

The Labour Court recommended that Manufacturing Science Finance accept the union’s compromise proposal on the bonus scheme for inspectors at Guardian Royal Exchange Insurance Group for two years. The recommendation was dated 11 December 1991. The dispute concerned how bonuses were calculated across Caledonian and G.R.E. business. The union argued calculations should follow the date the threshold was reached; the company said that timing had not been agreed. The Court said a key factor had been omitted in error during negotiations and recommended the union’s proposal, with the parties to assess its impact and agree any necessary changes.