TEEU welcomes withdrawal of employers threat to cut pay cut but warns of external forces seeking to dismantle REA system July 9th, 2009. The Technical Engineering and Electrical Union has welcomed the decision by the electrical contractors to drop the demand for a ten per cent pay cut but says significant obstacles remain to a settlement. TEEU General Secretary Owen Wills said this evening that “external forces are seeking to ensure there is no settlement to the dispute. These elements have been seeking to destabilise the Registered Employment Agreements (REAs) since late 2007. “As a result they are making a difficult dispute almost impossible to resolve. They range from very senior interests in the construction industry to small contractors, but they share one common objective, dismantling REAs so that they can pursue a race to the bottom unhindered.”