10. Wage increase -
the company has offered a wage increase of 3% per annum for 3 years. This offer falls short of what is fair and equitable for this group of employees in this context and is completely unacceptable. The Union claim of 4% pa or CPI, whichever is greater, is reasonable in the context of three years of below inflation wage rises, amounting to a pay cut in real terms as well as an increasing workload and profitable business.