Merger brings financial super union a step closer
The creation of a 200,000-strong "super union" for the finance sector looks increasingly likely after a key decision by one of the prospective partners.
Union officials believed the national executive of UNiFI would be hardest to convince.
The new organisation - it would be the largest finance union in Europe - is set to be established next summer after ratification by ballots of members. Union officers said yesterday that further mergers were expected with other employees' groups, including staff associations in the building society sector.
Union activists are keen to present a united front against management in the face of large-scale redundancies in the industry and company mergers. The union amalgamation will also deliver considerable economies of scale for the new union as membership continues to decline.
Paul Snowball, general secretary of UNiFI, said the new organisation would bring an end to divided representation at banks and would create a "cohesive and powerful" new grouping.
It is likely that moves towards amalgamation with the MSF white collar union and IPMS, the union for scientists and technologists in the public sector, are now likely to be abandoned. A special conference of the UNiFI will meet on 23 October to discuss the executive's recommendation.
Rory Murphy, leader of the NatWest Staff Association, described the decision by UNiFI as "fantastic news" and predicted his executive would make a similar decision today. "We have been pushing for this for two years," he said.
Ed Sweeney, general secretary of Bifu, said that previous attempts at merger had broken down, because of personality clashes. "Now the old animosities have been put aside and finance workers can look forward to a strength which a united front will give them," he said.
He urged the Lloyds TSB staff association to join and said he believed that in the long run it was possible it would include MSF and IPMS. The new organisation will remain unaffiliated to the Labour Party, but it is believed that the bigger the union the greater will be its influence on government.
- 1 Amy Winehouse statue unveiled in Camden
- 2 Lego breaks out of the toy box and heads for the gallery
- 5 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
George Galloway on Scottish independence: The political class is doing what Hitler couldn’t – destroying Britain
Daniele Watts: Django Unchained actress detained in Los Angeles after being mistaken for a prostitute
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
Scottish independence: Britain faces 'constitutional crisis' at next election
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
iJobs Money & Business
£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
£35000 - £38000 per annum + Benefits: Ashdown Group: Training Coordinator / Pl...
Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)
£400 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...