Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/634/10064

From The Socialist newspaper, 4 August 2010

Angry workers strike over pay freeze and bosses' bonuses

On 27 July, for the second time in less than a week, workers at Meggitt Aircraft Braking Systems based in Coventry went out on a 24-hour strike as well as imposing a continuous ban on overtime.

Lenny Shail, Coventry Socialist Party

A shop steward at the factory commented: "I've worked here 30 years and this is the first time I've been on strike, I wasn't really sure what to do! But when you're pushed, you react.

They have already started regrading our jobs, which is basically a pay cut through the back door."

Despite the company making 494.2 million in gross profits in 2009, bosses have attempted to impose a pay freeze on the workforce in Coventry.

The workforce made Meggitt's profit, yet bosses are awarding themselves huge bonuses on top of their massive salaries.

Meggitt chief executive was awarded a bonus of 770,000 plus shares, on top of his salary of 600,000.

Two other senior managers with salaries of 360,000 and 272,000 got bonuses of 463,000 and 353,000 plus shares.

Unite's regional officer, Alan Lewis said: "Our members are justifiably furious. The scale of greed is nothing short of scandalous. Workers' pay is being frozen while three senior managers are awarded 1.5 million in bonuses. A fair pay increase of 4% for the staff in Coventry would cost the company less than a quarter of the cost of the bonuses given to just three men.

"Some workers have even had their pay cut by 17,000. Unite will not tolerate this behaviour and will back its members until the company takes hold of its senses and rewards its staff fairly."

Such was the anger and determination to force management back, workers picketed the factory for nearly the whole of the two 24-hour strikes with 20-25 workers always at the gates.

One worker had missed shifts at his second job so he could take his turn on the picket and was pleased to see the level of support from outside with fellow Unite members and a postman joining the picket.

Donate to the Socialist Party

Coronavirus crisis - Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to click here to donate to our special coronavirus appeal.

In The Socialist 4 August 2010:

We need 'biggest movement since poll tax'


Anti-cuts campaign

'Radical' cuts require serious action

Waltham Forest's Labour council faces opposition

Coventry campaigners fight cuts of 140 million

Swansea trades council leads battle for services

Campaigners answer Bristol's 'Big Conversation'

Cuts news: Mental health services facing the axe

NSSN pledged to fight cuts


War and occupation

Troops out now!

Afghanistan: US strategy in disarray


Accademies

Oppose divisive academies policy


Workplace news and analysis

Talks resume at British Airways

Angry workers strike over pay freeze and bosses' bonuses

Fighting fire service cuts

Witch-hunted Unison activist wins tribunal


Workplace Debate

Unite general secretary election


Youth fight for jobs

We won't be a lost generation, fight for jobs and education!

No to privatisation of our universities

For real jobs, not slave labour


Environment and socialism

Profiting from wrecking the environment

Stop the Cardiff incinerator

Save Wanstead Flats


Tamil Solidarity

Daily Mail admits guilt over smearing Tamil hunger striker


Socialist Party LGBT

Campaigning at Leeds Pride


Socialist Party events

Book now for the summer camp!

Socialism 2010 - a weekend of discussion and debate


International socialist news and analysis

Love Parade catastrophe was entirely preventable

Garment workers demand a living wage


Socialist Party news and analysis

Asda profiting from low pay

Tories put profits before patients

Rich just carry on getting richer

Fast news


Review & Comment

The howlers' world and ours

How the banks rip us off


 

Home   |   The Socialist 4 August 2010   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Strike:

triangleRefuse collection workers strike

triangleBexley binworkers' strike wins sick pay from day one

trianglePostal workers deliver massive strike vote

triangleTory student plot defeated at Cardiff uni

triangleEast London bin workers strike to get back unpaid holiday pay

Pay:

triangleLabour must resist 'Covid coalition'

triangleBus drivers halt sackings - now restore our pay

triangleKey workers should make bold demands

triangleWorking in Mike Ashley's empire: After lockdown we won't forget how we've been treated

Coventry:

triangleCoventry socialist candidate wins votes against austerity

triangleCoventry: A socialist councillor who will vote against cuts

triangleNHS: Save stroke beds in Coventry and Warwickshire

Unite:

triangleDetermined St Mungo's homelessness workers strike for three days

triangleBook: Why you should be a trade unionist by Unite general secretary Len McCluskey

Reports and campaigns

Reports and campaigns

2/4/20

Royal Mail

Collective action becoming necessary to ensure safety and vital deliveries

1/4/20

Bus

Bus drivers halt sackings - now restore our pay

1/4/20

Children

Fully fund hospices to care for vulnerable children

1/4/20

Coronavirus

Help us continue to fight for workers and socialism

1/4/20

Socialist Party

Building the Socialist Party

1/4/20

CWU

Postal workers walk out over health, safety and junk mail

31/3/20

Coronavirus

Fight for safety, staffing and services - Covid chaos for benefits claimants

31/3/20

Northern Ireland

Bosses concede to walkouts in Northern Ireland

31/3/20

Bin workers

Refuse collection workers strike

31/3/20

Hull

Hull construction workers force bosses to shut down site over health and safety fears

31/3/20

Coronavirus

Key workers should make bold demands

31/3/20

Coronavirus

Self-isolation class divide: decent homes for all!

31/3/20

Leicester

Leicester: Nylacast worker exposes truth

31/3/20

PCS

More than ever, we need accountable union leaders

31/3/20

Coronavirus

Councils must use resources now for emergency response

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 079 8202 1969

East Mids: 077 3797 8057

London: 07748 534 891

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 077 0671 0041

ABOUT US

ARCHIVE

Alphabetical listing


April 2020

March 2020

February 2020

January 2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999