Context
Following on from our item in our last Weekly Update the ballot in relation to proposed industrial action has now closed.
Key points to note
- FCA Unite members have voted (87% in favour) in support of industrial action against proposed cuts to pay and conditions.
- Unless a negotiated settlement is reached Unite can now proceed to a full industrial action ballot.
- The next step will be to hold a formal statutory ballot if Nikhil Rathi refuses to negotiate. Unite has approached the mediation service ACAS in an attempt to resolve the dispute.
Next actions
Whilst we have included this item for information and awareness the outcome of any negotiations 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.