You can view the company's formal offer by clicking on the link on the right hand side of this page. The main points of the offer are:
• Increases to the paybill of 3% for both 2011 and 2012 (as already agreed in BT).
• A matrix for distribution of the 3% in 2011 based on pay zone and performance.
• Further discussion ahead of the 2012 implementation as to the matrix for that review.
The award takes account of existing arrangements around personal rights maxima, and the payment of some or all of the relevant award as an unconsolidated payment where the value of an increase exceeds the zone 4 or personal rights maximum.
We believe that the matrix offers a fair distribution of available funds, with a significant proportion of awards well in excess of the 3% average payment. We strongly recommend members to accept the offer.
We will now consult members on the offer in an online ballot. The ballot will close on Tuesday 21 June 2011 at 11am.