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UK faces biggest mass strike as teachers, train drivers, workers stage walkout over pay

UK faces biggest mass strike as teachers, train drivers, workers stage walkout over pay

Britain on Wednesday faced what has been dubbed the biggest industrial action in a decade as teachers, university lecturers, train and bus drivers and public sector workers went on a strike to demand better pay conditions.
British Prime Minister Rishi Sunak&rsquo;s official spokesperson admitted that the mass strike action will prove &ldquo;very difficult&rdquo; for the public.
Teachers in England and Wales who are members of the National Education Union (NEU) are staging walkouts, affecting an estimated 23,000 schools. Estimates suggest around 85 per cent of schools in the regions will be fully or partially closed, impacting working parents over childcare.
UK Education Secretary Gillian Keegan has insisted that &ldquo;inflation-busting&rdquo; pay rises are impossible even as talks remain ongoing.
&ldquo;I am disappointed that it has come to this, that the unions have made this decision. It is not a last resort. We are still in discussions,&rdquo; the minister said.
Also Watch: <a href="https://www.editorji.com/world-news/uk-s-rail-workers-strike-against-worst-cost-of-living-and-decade-high-inflation-1672837692298">UK's rail workers strike against 'worst' cost of living and decade-high inflation</a>
Train drivers from the RMT and Aslef workers&rsquo; unions are staging a strike in their long-running dispute over pay and conditions, including bus drivers in London. Around 100,000 civil servants employed in 124 government departments and other public sector bodies are also on strike in a dispute over better pay and working conditions.
Workers&rsquo; unions have argued with employers for higher pay rises to combat record high inflation and real-term cuts in income over the past decade.
But ministers continue to insist increasing wages to higher levels would only fuel the cost-of-living crisis and hamper the Sunak-led government&rsquo;s top priority of cutting down soaring inflation over the coming weeks and months.
Further health sector strikes are planned next week, when nurses and ambulance workers take another round of strike action from February 6 over better wages and working conditions.

In big move of shareholder activism, Eicher Motor chief&nbsp;Siddhartha Lal&rsquo;s re-appointment as managing director has been voted down due to a proposed salary hike as per reports.&nbsp;ET reports quoting sources that a proposal to increase&nbsp;Siddhartha Lal&rsquo;s&nbsp;salary by 10% was shot down by shareholders as it was not in line with the revenue growth that the auto company was seeing . The employee salary in the same period has risen merely 1% across the company.&nbsp;
Siddhartha Lal&rsquo;s re-appointment as managing director of Eicher Motors Ltd has been voted down by shareholders. Sources told ET that they were basically against a proposal to increase his salary by 10% as it outpaced the company&rsquo;s revenue and profit growth last year amid the Covid-19 pandemic. Siddhartha Lal's proposed salary would have been&nbsp;₹23.23 crore&nbsp;in FY'22 vs Rs 21 crore&nbsp;the year before.&nbsp;
A special resolution seeking his re-appointment as Managing Director was clubbed with the proposed pay hike which was rejected by shareholders on August 17 at the AGM&nbsp;as per reports. Lal&nbsp;however continues his post as a board member.&nbsp;This is not the first case of shareholders rejecting pay hikes of top ranking executives in India. Just in the auto world shareholders exercised their right to reject salary bumps&nbsp;in the cases of Tata&nbsp;Motors MD and Apollo Tyres founder recently.&nbsp;

Eicher boss Siddhartha Lal loses post as shareholders reject 10% pay hike

Eicher&nbsp;Motors' shareholders reject salary hike for MD Siddhartha Lal, move ousts him from driver seat as MD from the company.&nbsp;

Eicher MD ousted, Pay & Post rejected

In big move of shareholder activism, Eicher Motor chief&nbsp;Siddhartha Lal&rsquo;s re-appointment as managing director has been voted down due to a proposed salary hike as per reports.&nbsp;ET reports quoting sources that a proposal to increase&nbsp;Siddhartha Lal&rsquo;s&nbsp;salary by 10% was shot down by shareholders as it was not in line with the revenue growth that the auto company was seeing . The employee salary in the same period has risen merely 1% across the company.&nbsp; This is not the first case of shareholders rejecting pay hikes of top ranking executives in India. Just in the auto world shareholders exercised their right to reject salary bumps&nbsp;in the cases of Tata&nbsp;Motors MD and Apollo Tyres founder recently.

Shareholders rejected Siddhartha Lal's pay packge of Rs 23.2 crore for the current financial year.&nbsp;

In big move of shareholder activism, Eicher Motor chief&nbsp;Siddhartha Lal&rsquo;s re-appointment as managing director has been voted down due to a proposed salary hike as per reports.&nbsp; ET reports quoting sources that a proposal to increase&nbsp;Siddhartha Lal&rsquo;s&nbsp;salary by 10% was shot down by shareholders as it was not in line with the revenue growth that the auto company was seeing . The employee salary in the same period has risen merely 1% across the company.&nbsp; 
Siddhartha Lal&rsquo;s re-appointment as managing director of Eicher Motors Ltd has been voted down by shareholders. Sources told ET that they were basically against a proposal to increase his salary by 10% as it outpaced the company&rsquo;s revenue and profit growth last year amid the Covid-19 pandemic. Siddhartha Lal's proposed salary would have been&nbsp;₹23.23 crore&nbsp;in FY'22 vs Rs 21 crore&nbsp;the year before.&nbsp;
A special resolution seeking his re-appointment as Managing Director was clubbed with the proposed pay hike which was rejected by shareholders on August 17 at the AGM&nbsp;as per reports. Lal&nbsp;however continues his post as a board member.&nbsp; This is not the first case of shareholders rejecting pay hikes of top ranking executives in India. Just in the auto world shareholders exercised their right to reject salary bumps&nbsp;in the cases of Tata&nbsp;Motors MD and Apollo Tyres founder recently.&nbsp;

The Indian workforce can expect an average of 7.7% increment in 2021 as per the Aon India Salary Increase Survey . This marks a rise from 6.4% last year but ex 2020 it is still the lowest salary increase since post financial crisis in 2009. (can we use the graph they have in their presentation on page 3). The rise in salaries is in co-relation with the fact the Indian economy is expected to get back on the growth track in the current year. GDP numbers due on Friday should indicate that India has exited the recession.
No surprises that e-commerce and VC backed companies are likely to see salary hikes above the national average at 10.1% . Tech companies follow in close with an expectation of 9.7% hike. It will remain a struggle for those in Hospitality sector with a projected 5.5% rise as the industry continues to limp back into shape.
Aon survey also indicates that average variable pay&nbsp; as a percentage the fixed pay will come down across sectors led by financial institutions.
With 88% companies surveyed intending to give salary increases in 2021, as compared to 75% companies in 2020 the economic indicators are seemingly on the mend. Infant at 7.7% the pay hike will be better than most major economies, including Japan, the US, China, Singapore, Germany and the UK, where the average salary growth will be between 3.1% and 5.5%. (Last can also use a graphic with flags and % of hike anticipated from the presentation)

Expect a 7.7% pay hike in 2021: Aon survey

The Indian workforce can expect an average of 7.7% increment in 2021 as per the Aon India Salary Increase Survey . This marks a rise from 6.4% last year but ex 2020 it is still the lowest salary increase since post financial crisis in 2009. (can we use the graph they have in their presentation on page 3). The rise in salaries is in co-relation with the fact the Indian economy is expected to get back on the growth track in the current year. GDP numbers due on Friday should indicate that India has exited the recession.
 No surprises that e-commerce and VC backed companies are likely to see salary hikes above the national average at 10.1% . Tech companies follow in close with an expectation of 9.7% hike. It will remain a struggle for those in Hospitality sector with a projected 5.5% rise as the industry continues to limp back into shape.
 Aon survey also indicates that average variable pay&nbsp; as a percentage the fixed pay will come down across sectors led by financial institutions.
 With 88% companies surveyed intending to give salary increases in 2021, as compared to 75% companies in 2020 the economic indicators are seemingly on the mend. Infant at 7.7% the pay hike will be better than most major economies, including Japan, the US, China, Singapore, Germany and the UK, where the average salary growth will be between 3.1% and 5.5%. (Last can also use a graphic with flags and % of hike anticipated from the presentation)

The Indian workforce can expect an average of 7.7% increment in 2021 as per the Aon India Salary Increase Survey . This marks a rise from 6.4% last year but ex 2020 it is still the lowest salary increase since post financial crisis in 2009. (can we use the graph they have in their presentation on page 3). The rise in salaries is in co-relation with the fact the Indian economy is expected to get back on the growth track in the current year. GDP numbers due on Friday should indicate that India has exited the recession.
 No surprises that e-commerce and VC backed companies are likely to see salary hikes above the national average at 10.1% . Tech companies follow in close with an expectation of 9.7% hike. It will remain a struggle for those in Hospitality sector with a projected 5.5% rise as the industry continues to limp back into shape.
 Aon survey also indicates that average variable pay&nbsp; as a percentage the fixed pay will come down across sectors led by financial institutions.
 With 88% companies surveyed intending to give salary increases in 2021, as compared to 75% companies in 2020 the economic indicators are seemingly on the mend. Infact at 7.7% the pay hike will be better than most major economies, including Japan, the US, China, Singapore, Germany and the UK, where the average salary growth will be between 3.1% and 5.5%. (Last can also use a graphic with flags and % of hike anticipated from the presentation)

The Indian workforce can expect an average of 7.7% increment in 2021 as per the Aon India Salary Increase Survey . This marks a rise from 6.4% last year but ex 2020 it is still the lowest salary increase since post financial crisis in 2009. (can we use the graph they have in their presentation on page 3). The rise in salaries is in co-relation with the fact the Indian economy is expected to get back on the growth track in the current year. GDP numbers due on Friday should indicate that India has exited the recession.
 No surprises that e-commerce and VC backed companies are likely to see salary hikes above the national average at 10.1% . Tech companies follow in close with an expectation of 9.7% hike. It will remain a struggle for those in Hospitality sector with a projected 5.5% rise as the industry continues to limp back into shape.
 Aon survey also indicates that average variable pay&nbsp; as a percentage the fixed pay will come down across sectors led by financial institutions.
 With 88% companies surveyed intending to give salary increases in 2021, as compared to 75% companies in 2020 the economic indicators are seemingly on the mend. Infant at 7.7% the pay hike will be better than most major economies, including Japan, the US, China, Singapore, Germany and the UK, where the average salary growth will be between 3.1% and 5.5%. (Last can also use a graphic with flags and % of hike anticipated from the presentation)

pay hike

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