The pay deal also includes a 30 percent reduction in banked hours
. This means that it will take employees less time to pay back hours banked during plant shutdowns.
'The banked hours scheme has enabled me to work and store hours so that I can balance outside work commitments easier and without thinking that I am taking advantage of the company,' said Mr Prothero.
Another beneficiary of the banked hours scheme is Bernard Brown, also a conversion operative, who said: 'The banked hours scheme allowed me to have a much-needed family break last year after I had used up my holiday allocation.
WORKERS at a Warwick-based company are enjoying an extended weekend through a "banked hours" system.
"To maintain efficient use of time, the company has taken the decision to allow a number of employees to use their banked hours and to take two days off.
"As UK market leader, Dennis Eagle has seen an intensive period of work over the past two years, and employees have a high number of banked hours to utilise.
The company has offered 2.5 per cent on pay and a cut from 200 hours to 140 hours annually on 'banked hours'.
The banked hours part of the agreement operates under the flexible working agreement introduced by BMW in 1999 before it sold the company last year to the Phoenix consortium.