Doom and Gloom and Pay Rises

When employers are trying to cut pay and benefits, it’s common to spread doom and gloom, with the aim of making you give up hope and feel that change for the worse is inevitable.
Of course Fujitsu made record profits, is profitable now and expects to continue making profits. According to the Financial Times, our parent company has improved its forecasts and is now targeting record profits for 2011.
But even in the wider economy, things aren’t as bleak as you’d imagine:

According to the Incomes Data Services (IDS) report for the three months to May 2009:

  • Median pay settlement was 2% and in the private services sector was 2.2%
  • Two thirds of pay settlements were not pay freezes
  • A quarter of pay settlements were for 3% or more

According to the Labour Research Department (LRD) report covering the three months to June 2009:

  • Mid-point of pay deals was 2.3% and in the services sector was 2.8%

According to the Office of National Statistics (report for the year to May 2009):

  • Average earnings (excluding bonus) rose 2.5% for the whole economy, and the same rise in private sector services
  • Average earnings (including bonus) rose 2.2% for the whole economy, and rose 2.5% in private sector services

Behind the fall in RPI, the price of many essentials has been rising rapidly. The figures from the Office of National Statistics for the year to June 2009 show:

  • Coal & solid fuels up 21.9%
  • Fuel and light up 9.6%
  • Gas up 24.0%
  • Electricity up 6.8%
  • Water and other charges up 4.7%
  • Fares and other travel costs 5.5%
  • Bus and coach fares 7.3%
  • Other travel costs 4.8%
  • Food up 5.3%, with many foods up more:
  • tea up 10.3%
  • coffee & other hot drinks 10.7%
  • potatoes up 7.4%
  • pork up 11.4%
  • beef up 6.0%
  • milk up 5.8%
  • lamb up 9.7%
  • sugar up 12.0%
  • vegetables up 9.8%
  • cereals up 6.1%
  • fish up 20.0%

And if there’s any money left, the cost of a foreign holiday has gone up by 7.8%!
Why should Fujitsu get away with pushing up its profits at your expense?

Posted in news
Sign the petition – defend the union

Unite members working for Fujitsu Services Limited in the Manchester bargaining unit are balloting for industrial action over compulsory redundancies, victimisation of reps and breaches of agreements. This follows 27 previous days of strike action.

Further information is available here including a downloadable appeal for support leaflet and how to donate to our strike fund.

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