Almost half a million workers are to receive a pay boost after it was announced that the real living wage paid voluntarily by 16,000 UK companies will rise to 13.45 an hour in April. Distinct from the national living wage, which is a statutory minimum, the real living wage is calculated each year based on the cost of essentials, and is paid by more than half of the companies in the FTSE 100.
"We are seeking improvements in the pension plan for the first time in over a decade," Jim Araby of UFCW Local 5 told KGO-TV. "We know Safeway can afford it. In 2023, Safeway paid a dividend to their shareholders of $4 billion. This year, they reported $80 billion in revenue and nearly $1 billion in net profit."
"The sense that we got was because of the amount of time it took to get to this point, some folks were just either frustrated or they were just tired and wanted to move on," said Raj Singh.
The Brotherhood of Locomotive Engineers and Trainmen announced 'the only real issue was wages,' which led to an agreement to boost pay for engineers without significant budget impacts.