LOW-PAID workers at the Bank of England celebrated victory yesterday after bosses caved into their demands, bringing a long-running dispute to an end.
Workers at the central bank’s security, maintenance and parlour departments walked out last month — the first walkout to hit the bank in half a century — in a bid to secure fair pay and better conditions.
Union Unite announced yesterday that 60 per cent of its members had accepted a revised deal from the bank which includes extra annual leave and payments for lower paid staff.
The union claimed the settlement as a victory.
Unite regional officer Meredes Sanchez said: “Unite is pleased to bring the Bank of England dispute to an end having secured significant improvements for staff across the organisation.
“Unite members have shown that by standing fi rm against an employer attempting to ignore their rights they can succeed.
“We welcome the bank’s new commitment for fair pay for all its staff.”
Before last month’s strike, the Bank of England had been at loggerheads with Unite after it refused to enter negotiations and instead imposed a below inflation pay award.
Unite warned that the measly pay rise would be at the discretion of individual line managers, meaning some workers getting no increase at all. The bank also welcomed its settlement with Unite workers.