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Pensions Cuts, Terms & Conditions And The Need For Strong Unions
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Date: 22nd Mar 2010
Over recent months LTU has felt it necessary to draw attention to the miscalculations and weak leadership of Accord and Unite, in an effort to encourage both to adopt a far more resolute approach to negotiations with the Bank.
Both HBOS-heritage unions’ obsession with their ‘Partnership Agreement’ with the Bank seemed to paralyse them from standing up to the Bank on behalf of their members for fear that by doing so might jeopardise their cosy relationship and take them out of their comfort zone.
At the time of its consultative ballot, Accord also said it wasn’t recommending that its members vote against the Bank’s proposed terms and conditions - including massive cuts in pensions - because it believed that “tactically it will put us in a better position in the future talks with the Bank”.
Given the Bank’s announcement last week that it is imposing its Pension Cuts, there can be no clearer indication of what a serious miscalculation this was.
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