ALTERNATIVE EMPLOYMENT


• In order to model this potential outcome, an assumption must be made about the wage level for jobs elsewhere. We have assumed the national average (median) wage, which is £479.10 for all sectors.


• Assuming a worker is able to find employment elsewhere immediately and there is no break in income, they would be £347.20 a week worse off before deductions. This is before the incentive payments, overtime or annual bonuses, some of which are a feature of the salary structures within the aerospace sector, are taken into account.


• Below we have calculated the potential earnings for the same scenario in those regions of high aerospace employment.


Difference between aerospace average annual salary and those elsewhere Gross wages


Annual


Derby and surrounding area Bristol and surrounding area Lancashire


Average aerospace


£ 26,625 £ 28,606 £ 26,911


£ 42,967


Difference £ 16,342 £ 14,361 £ 16,056


27


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