Thursday, April 20, 2006

Human Resources: British employees better of under American ownership

Researchers at the University of Nottingham, have said that a new study shows that employees at companies taken over by American firms are more likely to see sharp rises in their salary.

Earnings for skilled workers increase approximately 8% in the two years after a British company is acquired by an American rival, while unskilled workers' pay jumps 13%.

The research was compiled by Holger Gorg and Sourafel Girma of the University of Nottingham, which was presented yesterday at the Royal Economic Society's annual conference.