BBC Business News reports that the workers at Honda’s Swindon plant have voted in favour of taking a 3% pay cut for 10 months in an attempt to safeguard 490 jobs.
In return, the workers will receive a bonus of six additional days’ leave, Unite the union said. Managers’ pay will be cut by 5%.
Of those balloted, 89% voted for a cut after the plant closed for four months.
They were asked to take a salary reduction after too few staff took up the offer of voluntary redundancy. Full story…