The Labour Court recommended a 5% pay increase for FBD head office staff, backdated to 1 July 2001, in a decision dated 27 November 2001. The Manufacturing, Science, Finance division had sought a 16% increase, arguing that FBD salaries lagged those at comparator insurers and that the company had recorded strong turnover and profits. FBD disputed the comparison, saying it did not account for roles, benefits and working practices. The Court also recommended discussions on an additional 2% in return for changes to working conditions and a formal salary review in the first quarter of 2004. It said FBD had been remiss in using salary figures that included luncheon vouchers and bonuses.
Labour Court recommends 5% pay rise for FBD head office staff
Historic decision · Decision date:
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