| Link(s): | https://www.unitetheunion.org/news-events/news/2022/january/fca-staff-ballot-for-industrial-action/ |
Context
Unite, the union which represents staff at the Financial Conduct Authority (FCA) has launched an indicative ballot of its members for industrial action at the regulator.
Key points to note
- Unite members have begun voting in a ballot called by the union as management has refused to negotiate with the workforce on a programme of severe cost-cutting, which is set to turn the FCA into “a bargain basement” regulator. The programme includes slashing staff pay and imposing an appraisal system which punishes strong performers.
- The union is also currently challenging the FCA on its refusal to allow staff to have representation by an independent trade union. The significant growth in trade union membership across all departments of the organisation demonstrates that the recognition of an independent trade union at the FCA is long overdue.
- The ballot will close at 5pm on Monday 31st January 2022
Next actions
Whilst we have included this item for information and awareness the outcome of the ballot may have an impact on any firms who currently have applications with, or will be submitting applications to, the FCA. There are likely to be further delays within the FCA should any strike action be taken by its employees.