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12th July 2010 - Terms & Conditions – more talks take place today

The headline results of Accord&s second ballot were published as we had promised within two working days of the closure of the ballot.

The headline results were:

  1. On Pay, the majority of those voting believed that the right thing to do is to draw a line under Pay 2010 and focus on getting a better deal in 2011.
  2. On Pensions, the majority of those voting believed that the imposed changes to the final salary pension scheme (FSPS) are unacceptable with a narrow majority of the members of the FSPS who voted saying they would be prepared to take action in an attempt to get negotiations reopened.
  3. On Terms and Conditions, a majority of those voting regard the proposals as acceptable and have no objection to the Union signing a collective agreement to bring the new terms and conditions into effect.


The Union asked the independent scrutineer, Electoral Reform Services, to carry out further analysis and cross segmentation so that we could understand how identifiable groups of members had voted. This was to highlight issues on which the Union may seek further movement from the Bank.

The more detailed results were received on 22nd June and were presented to delegates at the Union’s biennial delegate conference in Belfast on June 23rd. Delegates were told that the Principal Executive Council would need more time to consider the results and to determine its negotiating priorities ahead of further talks with the Bank. More details of the ballot results are included in ‘My Accord’ magazine which will be delivered to members’ home addresses this week.

Unite published the results of its ballot on 5th July and Accord and Unite have since been talking about how to work together to get the best possible outcome for our combined memberships – and the members of the GMB.  All three unions - Accord, GMB and Unite - are committed to working closely together on this. Any other union who is interested in making progress is welcome to join in with this co-operative approach.

Accord’s Principal Executive Council met to consider the matter in Birmingham on July 7th and 8th and set the priorities for the Union’s negotiating team based upon what had been learned from members in the ballot.

Joint discussions between Accord and Unite and the Bank are taking place in London today. Both unions are seeking progress on members’ issues.

More information will be published as soon as possible.

 

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