Cadent can afford to give workers a pay rise, they are choosing not too. It’s plain greed.
Thousands of field force workers at gas giant Cadent will begin industrial action tomorrow [Tuesday 10 May]
Despite nearly 2,000 GMB members voted to walk out in a strike ballot last month [1], GMB is only calling on members to take part in an overtime ban from 00:01 on Tuesday 10 May 2022.
The overtime ban includes stopping working additional hours and members will withdraw from pre-planned overtime to cover gaps in rosters and sick leave.
The industrial action could potentially cause outages at homes and businesses throughout five regions in England; North West, East and West Midlands, East Anglia and North London.
Workers resoundingly rejected a below inflation pay increase of 2 per cent for 2021 and 4 per cent from July 22.
With inflation running at 9 per cent, the deal amounts to a massive real terms pay cut.
Cadent made an operating profit of £901 million in 2021, while CEO Steve Fraser was paid £1.4 million in 2020/21.
Gary Carter, GMB National Officer, said:
“Despite members voting overwhelmingly for strike action, as a gesture of goodwill members will begin with a short term overtime ban.
"But workers will not hesitate to escalate to strike action if the company doesn’t come back to the table with an improved pay offer.
‘It shows how out of step senior management are; they’re just not listening to their employees and the problems facing working people across the country.
The cost-of-living crisis is hitting people hard and Cadent makes massive profits from taxpayer funded work.
“Senior management on big salaries may be insulated from cost-of-living crisis but their employees are not.
“Cadent can afford to give workers a pay rise to help workers make ends meet, they are choosing not too. It’s plain greed.
“GMB members don’t want to take industrial action but have been left with no option. Why should the workforce take a pay cut when Cadent makes huge profits?”
