Striking staff could mean a shortage of Jammie Dodgers!

Biscuit fans beware, if either Jamie Dodgers or Wagon Wheels are amongst your favourites, the followings news may be distressing.

Production of Jammie Dodgers and Wagon Wheels could be stopped this month as factory workers plan to go on strike, with the subsequent disruption potentially leading to empty shelves as supermarket supplies dry up.

The workers, employed by Burton’s Biscuits, are planning to go on strike over an insulting 1.6% annual pay rise offer. Represented by the trade union GMB union, the workers demanded a 7% pay rise, and after this was refused, the union is now organising an overtime ban as well as three days of strikes.

The factory, which produces over 7 million biscuits a day, has said that their offer of 1.6% was fair considering the economic uncertainty, looming depression, and high levels of unemployment.

The factory also added that the union’s demands could be detrimental, and that such a wage increase may even lead to less job security for the 400+ workers.

THINK LIKE AN ECONOMIST!

Q1. What is meant by the term trade union?

Q2. Explain one aim of a trade union.

Q3. Analyse the impact that GMB Union’s actions are likely to have on wages and employment at this biscuit factory.

Click here for the source article

TheCuriousEconomist

Recent Posts

Thailand’s Wage Hike: A Double-Edged Sword?

The government in Thailand plans to raise the daily minimum wage by 14%, reaching 400…

9 hours ago

Apple Faces Criticism Over New Ad Campaign

Apple's latest advertising campaign, intended to highlight the creative potential compacted into its new iPad,…

1 week ago

Germany Unemployment Forecast for a Decade High

Germany is poised to witness a significant rise in unemployment, reaching levels not seen since…

3 weeks ago

India Set to Overtake Japan as World’s Third Largest Economy by 2025

India is poised to surpass Japan as the world’s third-largest economy by 2025, with a…

3 weeks ago

UK Aiming to Snub Out Smoking For Good

In a bold stride towards public health, the UK Parliament has recently advanced legislation aimed…

1 month ago

China’s Economy Surges with High-Tech Manufacturing Boost

China’s economy demonstrated a stronger-than-anticipated performance at the beginning of the year, primarily fueled by…

1 month ago