Selling your classic car? It's FREE to list your car on Honest John Classics | No thanks

British Auto Maker and Unions Sign Deal

5 July 1997


Rover Group Ltd., the British auto maker owned by BMW of Germany, said today that it had reached agreement on a three-year pay package after almost a week of talks with its joint trade unions.

The agreement includes a pay increase of 3.5 percent in its first year beginning Nov. 1. In each of the next two years, the pay increase will be equal either to Britain's retail price index plus half a percentage point or to 3.5 percent, whichever is higher.

Rover said workers with at least 12 months' service would receive a further 1 percent increase, payable from Nov. 1.

''This is a fair and reasonable deal that both rewards employees and gives the company stability for the future,'' the company said.

Rover said union members would vote on the accord later this month.

More news from the archive

Wed, 16 Oct 1996
THE INDEPENDENT CHRIS GODSMARK Land Rover is to build a baby-sized four-wheel-drive vehicle and plans to expand production dramatically,...
Mon, 17 Feb 1997
JAGUAR The last V12 engine is produced.
Mon, 24 Mar 1997
BUSINESS WEEK BMW IS FINALLY BRINGING ROVER TO HEEL It's cutting costs and eliminating models to halt losses When veteran BMW executive...
Wed, 26 Mar 1997
THE INDEPENDENT Michael Harrison The Rover car group cut losses last year from pounds 158m to pounds 119m but its German parent BMW...
Wed, 21 May 1997
THE INDEPENDENT Michael Harrison The chairman of Rover, Dr Walter Hasselkus, yesterday joined the growing ranks of senior industrialists...
Wed, 20 Aug 1997
THE INDEPENDENT Chris Godsmark Business Correspondent Jaguar, the luxury car group owned by Ford of the US, yesterday said there...
Sat, 20 Sep 1997
THE INDEPENDENT Gavin Green BMW's surprise decision to unveil the new Mini at last week's Frankfurt Show, three years before sales...
Fri, 03 Oct 1997
THE INDEPENDENT Michael Harrison Land Rover was yesterday inundated with 1,500 job applications in less than eight hours after it...
Sat, 01 Nov 1997
THE INDEPENDENT Motoring: At last - the Jaguar of your dreams You never quite know what you are getting with a Jaguar. Yes - its...
Mon, 10 Nov 1997
BMW, the owners of the Rover Group, have issued an investment warning over European Monetary Union. The Government and the Opposition...