Bank of England settles staff pay dispute
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A pay dispute that saw Bank of England staff go out on strike for the first time in decades has been settled.
In a statement released Tuesday, Unite said its members accepted the revised offer from the bank to end the dispute that led to a three-day strike in August. In a ballot, 60 percent of Unite members backed the new offer from the bank that includes more annual leave for staff and a payment to lower-paid employees.
Mercedes Sanchez, Unite regional officer, said members "have shown that by standing firm against an employer attempting to ignore their rights they can succeed."
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The bank said the agreement includes a range of measures focused on "improving our relationship with Unite and involving them more in pay discussions."