Bank union in to 7
By Gerry Healy
1971Gerry Healy Read the scan at ETOL (PDF) →Read from the scan by machine and not corrected: headlines and words can be misread, and a caption or advert can run into the text. For anything you quote, read the scan.
UNION leaders have accepted a 7-per-cent pay increase on behalf of 160,000 clearing-bank staff, further strengthening the Tory pay norm.
The claim, submitted by the National Union of Bank Employees and the staff associations of the four main banks, was for 8 per cent from October.
Details of the settlement Ion caves per cent announced yesterday show that they have caved in for 7 per cent from next month.
Like the recent council workers' settlement this will be taken as a climb-down to the government's wages policy - this time in the private sector of industry.
NUBE is one of the unions defying the TUC policy on registration under the Industrial Relations Act.