Bank Of England Staff To Embark On First Strike In 50 Years

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BEVERLY HILLS, August 01, (THEWILL) – Trade union members at the Bank of England, Britain’s Central Bank, under the auspices of Unite, will go ahead with the first strike action by staff for over 50 years on Tuesday.

“Last-minute talks facilitated by a government-run arbitrator failed to resolve the pay dispute with the bank,” the Unite union said after it agreed to delay start of strike action in a gesture of goodwill.

Some 95 per cent of staff in maintenance, security and other service roles voted earlier this month for four days of strike action from Monday over a long-running pay dispute.

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“The strike will now take place from Tuesday to Thursday,” the union said.

“Unite members are calling on the Bank of England to give staff fair pay following the imposition of a derisory pay settlement without negotiating with recognised union Unite.”

It said that the dispute was caused by the bank’s imposition of a 1 per cent increase on its total wage bill for the current financial year, while it leaves rises for individual staff at the discretion of line managers.

NAN reports that the bank made no immediate comment on the planned strike.

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