NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

GSK 'sticks two fingers up' as workers vote for strike action

Published 19/04/2023, 14:03
GSK 'sticks two fingers up' as workers vote for strike action
GSK
-

Sharecast - The union said 750 workers rejected GSK's offer of a 6% pay increase and a one-off lump sum of £1,300, which remained significantly below what it described as the current true inflation rate of 13.5%.

It said the workers would stage strike action at six UK sites, including Barnard Castle, Irvine, Montrose, Ware, Worthing and Ulverston, on different dates and times, in a bid to maximise the impact of the industrial action.

The workers participating would include engineers, process technicians, laboratory analysts, warehouse workers and fire officers.

“Strike action will inevitably result in widespread disruption across GSK’s operations, but the company has brought this dispute on itself,” said Unite national officer Tony Devlin.

“It has had every opportunity to make a pay offer which meets member expectations, but it has failed to do so.

“GSK has effectively stuck two fingers up to its workforce by walking away from the pay negotiations.”

Unite said the strike action came on the back of GSK’s latest operating profit announcement of £8.15b - a 26% year-on-year increase.

The company was accused of offering its workers a substantial real terms pay cut.

“This is an incredibly wealthy company that can fully afford to pay its workers a fair pay offer,” said Unite’s general secretary Sharon Graham.

“This is a classic example of a company seeking to further boost its profits at the expense of its workers.

“Unite has a laser-like focus on defending and enhancing the jobs, pay and conditions of its members and the workforce at GSK will be receiving Unite’s complete support.”

At 1303 BST, shares in GSK were up 0.22% at 1,487.2p.

Reporting by Josh White for Sharecast.com.

Read more on Sharecast.com

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.