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Shameless Opportunism
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Date: 27th Mar 2009
Today staff in the Network will receive an Interchange message telling them that the threshold level for the payment of bonuses is being increased from 90% to 100%.
The changes announced today have not been agreed by the Union neither have they been the subject of proper consultation.
Mark Brown, Assistant General Secretary, said “In a blatant piece of opportunism the Bank has sought to jump on the ‘no rewards for failure’ bandwagon and exploit the public misconception about the payment of bonuses to ordinary members of staff. Whilst reassuring frontline staff that their bonus payments would be unaffected by changes imposed by UKFI, the Bank must have known all the time that it had every intention of sticking the knife into staff and their bonuses at the first available opportunity”.
This decision will be seen by staff for what it is: a desperate attempt by people desperate to cut costs by reducing the living standards of hard pressed staff in order to increase profits and secure their own futures.
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