Devonport Dockyard workers land inflation-busting 13% pay hike

Workers at Devonport Dockyard are to receive an inflation-busting 13% pay rise this year, union bosses have said. Unite the Union said its members working for dockyard operator Babcock International Group Plc will benefit from an increase in their pay packets to help offset the cost of living crisis.

The union revealed an offer from Babcock of an across-the-board £1,500 per year pay increase had been accepted by Unite’s members at the site. For the lowest paid, the deal is worth 13%. Inflation is currently running at 9% in the UK but the Bank of England has predicted it will hit 10% this year.

In 2021, Babcock swung back into profit after recovering from the effects of the Covid pandemic and its restrictions. The FTSE-250 company’s half-year results for the six months to September 30, 2021, showed it made a statutory operating profit of £75.4m compared to a £785.3m loss in the prior year.

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