Result of Union Ballot

RNS Number : 3167O

QinetiQ Group plc

28 June 2010

 



QinetiQ Group PLC

Result of Union Ballot

QinetiQ Group plc ('QinetiQ') announces that the recent union ballot of members in its UK workforce has resulted in an overall favourable vote of 75% on proposed changes to their terms and conditions of employment.

The unions have formally accepted the Company's offer and the agreed changes now come into effect, including the pay increases offered to employees as part of the new package.

Commenting on the news, CEO Leo Quinn said, "This result is a credit to our people in understanding the increasingly competitive nature of our markets. Whilst this is only one step in a two-year journey,  and it is too early to quantify the impact, this agreement was integral to our plans announced last month and will enable us to strengthen our UK business. Our priority is to ensure that we retain the right expertise, flexibly deployed, to help customers to derive value for money from their defence and security programmes."

ENDS

Contacts

Investor relations:	Lucinda Davies, QinetiQ	[phone]
Media relations:	David Bishop, QinetiQ	[phone]
	Liz Morley, Maitland	[phone]

 

END

 

 

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