3 March 2010
In a consultative ballot which closed on 1 March, Odeon members have voted to accept a one per cent increase on rates for 2010.
The decision followed a positive recommendation from the union's negotiating team led by national official, Gerry Carr.
Explaining the union's considerations to affected members Gerry Carr said that the decision to recommend the offer had not been taken lightly.
"It was taken in the knowledge that Odeon's private equity owners are putting the company under considerable financial constraint," he explained.
Members voted to accept the modest increase by a margin of two to one in favour.
The backdrop to the negotiations was cited as pressure on general managers to save five per cent on their payroll and a reduction in budgeted hours. In addition, the company's regional management tier has been abolished and the chief operating officer post, now vacant, will remain unfilled.
Odeon is owned by private equity company, Terra Firma.
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