BT (NYSE: BT) wants to avoid its first worker strike in over two decades so its upping its pay increase for its workers.
The revised offer, which includes a 3 percent raise in 2011 in addition to the 2 percent it already offered for 2010 and a performance bonus of $388, was presented to the Communications Workers Union late yesterday.
"This offer is an attempt to break the current impasse with the CWU; we hope that they will consider it seriously and respond positively," a BT spokesman said. "Industrial action is in no one's interests."
On Friday, the CWA, which represents more than 50,000 BT employees, would advise its members to hold a strike ballot if BT would not raise its pay increase offer from two percent.
With the ball now in the CWU's court, the union said it is examining the offer and that it would announce a decision on the next steps later today.
For more:
- Reuters has this article
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