Bank of Eng­land faces strike

Sunday Times - - BUSINESS TIMES -

THE Bank of Eng­land is fac­ing a strike be­cause of weaker-than-in­fla­tion pay rises and has been de­scribed as “ar­ro­gant” by a union rep­re­sent­ing some staff.

Unite, Bri­tain’s biggest labour union, said its mem­bers at the BOE, in­clud­ing work­ers in main­te­nance, re­cep­tion and fa­cil­i­ties de­part­ments, be­gan to vote on Thurs­day on whether to hold in­dus­trial ac­tion.

Staff can earn as lit­tle as £20 000 (R330 000) a year, and in­suf­fi­cient pay in­creases meant they were “fac­ing fi­nan­cial hard­ship”, said the union.

It called the lat­est pay set­tle­ment “de­risory” and said the bank was “out of touch”. The BOE de­clined to com­ment. Unite re­gional of­fi­cial Mercedes Sanchez said: “It is a source of shame that an iconic sym­bol of fi­nan­cial ser­vices in the UK is choos­ing to ride roughshod over the con­cerns of its ded­i­cated and hard-work­ing staff.” — Bloomberg

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