The GPMU and BPIF have agreed a 3.07% rise on the minimum wage for a class I employee.
This years National Agreement also featured an increase to the sick pay scheme from 60% to 75% of basic pay, a clause on non-discrimination on sexual orientation grounds, and an agreement to lobby government for a training levy.
The increase translates as 6.88 a week on the minimum class I wage. The new basic pay would stand at 230.44 a week if approved.
It is applied on a proportional basis to minimum class II and III wages, which would rise by 6.19 and 5.64 respectively.
Those not on the minimum would receive a 2.5% increase on their basic rate, compared to the 2.7% headline rate of inflation.
GPMU general secretary Tony Dubbins said: The money is not as high as wed have liked but given the falling inflation rate we feel we have achieved the best possible increase.
Story by John Davies
Have your say in the Printweek Poll
Related stories
Latest comments
"Sorry to read this, a big name to go down, hopefully a lot of the £1.8M was insured. We are recruiting operational staff & currently in-talks to assist the clients with immediate requirements."
"£1.8m !! Very big numbers indeed."
"Now black really is white. Ditching a product line with all its consequences for customers is now an award winning move. Priceless!"
Up next...
News comes a year after the Coronation
King and Queen update Royal Warrants
66-year-old firm closes
DCW Penrose shuttered; kit sold at auction
Finishing from start to finish
IFS lauds partners' premieres and Drupa importance
Government emphasised RM's importance to society