Ulster Bank (Rbs Group) And Lower Paid Staff

EDM number 2189 in 2008-09, proposed by Mark Durkan on 28/10/2009.
Categorised under the topic of Financial institutions.

That this House notes the payment by the Royal Bank of Scotland Group to lower-paid staff earning between £11,000 and £21,000 in Great Britain of a contractual 10 per cent. bonus and an average annual cost-of-living award of 2.6 per cent. encouraged and sanctioned by the Chancellor of the Exchequer; calls on the wholly-owned RBS Group subsidiary Ulster Bank to ensure the same payments are made to lower-paid staff in Northern Ireland and the Republic of Ireland; recognises the importance of continued discussions between RBS Group and UNITE as the union of its staff in Great Britain; regrets the withdrawal by Ulster Bank from an agreed mediation process with the staff trade union in Northern Ireland, IBOA-the Finance Union; urges Ulster Bank to return immediately to meaningful dialogue with the IBOA union; further notes that Ulster Bank's current pension offer communicated to staff without union agreement may be in breach of pension regulations in respect of both staff consultation requirements and active employer persuasion; deplores the Bank's attempt to induce lower-paid employees to accept less favourable pension terms in return for receipt of withheld remunerations; further urges Ulster Bank to abandon those proposals and recommence negotiations with IBOA; and further calls on the Chancellor of the Exchequer and UK Financial Investments to instruct the RBS Group to ensure that is staff across the UK and Ireland are treated properly and equitably.

This motion has been signed by a total of 22 MPs.