Jaguar Land Rover has negotiated a deal with union chiefs over pensions and pay after the company submitted an offer that both sides could finally agree upon.
Union members rejected an earlier offer by JLR back in October when 95 percent of the workforce voted against the original terms and conditions. Union members subsequently discussed the possibility of strike action.
It is believed JLR offered a 3 percent pay rise for each year over the next three, and a one year bonus, this is the deal union representatives rejected.
The terms of the new deal has risen to 4.5 percent in the first year of a two year deal and an additional bonus payment of £825 per employee.
The new deal will benefit around 15,000 JLR workers out the 26,000 strong workforce. In a joint statement both declared “A revised offer has been made by the company that will be unanimously recommended by Unite (the union) to its members,”
Jaguar and Land Rover’s growth has accelerated over the last four years, under parent company Tata, the brand is surging ahead and now has the confidence to take on premium juggernauts such as BMW and Audi.