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11th February 2010 - The Terms & Conditions Ballot is CLOSED

A big “thank you” to all of our members who took part in the terms and conditions on-line ballot that opened on 25th January.

The Bank’s delay in publishing Pay information has put timescales back slightly.

Our ballot was extended until 5pm on Wednesday 10th February.  Despite this, we know that some members are still without their pay range information or, indeed, their sub levels.  As a result they have been unable to vote.  We are collating information on these groups of members and are pressing the Bank for timely communication of these vital pieces of information.  We’ll consider how we can obtain views from these members and communicate again soon.

In the meantime, the independent scrutineers – Electoral Reform Services – are collating the results and will present a detailed analysis to the Union’s Principal Executive Council at its meeting to be held on Friday 26th February (put back from 17th February because of the shift in the ballot closing date).  This will identify which issues are most problematic for which groups of staff, the key messages to be drawn from members’ free format comments and the segmentation of the results by (amongst other things):

  • Business Division
  • Levels and sub-levels
  • Pension Scheme Membership
  • Length of Service
  • Gender and whether full or part-time

The PEC will then decide what further steps should be taken and will both inform members of its proposals and seek their support for these steps.

We know members will be keen to have some early feedback and we hope to be able to publish some initial results early next week.

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