No change to PSIS offer, members vote against striking

A further day of bargaining with PSIS last week did not lead to any improvement to their offer of 4.5% or movements towards pay parity with bank workers despite strong advocacy from the PSIS bargaining team. Also, in a close vote, Finsec members narrowly voted against taking strike action.

Because PSIS have said it is a final offer and because members have said they do not wish to take strike action, a ratification vote will be put to Finsec members in PSIS. Delegate run ratification meetings will take place between 23 June and 4 July.

Finsec National Organiser Bella Pardoe said that although many members are unhappy with PSIS’s failure to move in negotiations, it is important to remember what has been achieved through collective activity. “4.5% is the highest pay offer in the industry so far this year, and we managed to resist PSIS attempts to introduce performance pay and limit pay increases to the rate of inflation,” she said.

“Pay parity with the banks is still our goal, and with the support of greater numbers of PSIS staff over time we can achieve this.”

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