Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Economics, government & businessLatest NewsEmployee relationsIndustrial action / strikesTrade unions

HSBC bank faces industrial unrest as pay talks collapse

by Mike Berry 29 Mar 2005
by Mike Berry 29 Mar 2005

HSBC bank could face a wave of strikes across its UK branches and call centres after negotiations over a pay dispute failed.


Senior representatives of Amicus, the UK’s biggest private-sector union, have held a ‘council of war’ to plan a series of one-day strikes, with the first one to fall on the day of the bank’s annual shareholder meeting on 27 May.


Ballot papers are due to arrive on 20 April, the same day staff receive their monthly payslips. The union plans to hand out leaflets to the bank’s customers to explain the action.


Amicus claims that of 25,000 staff covered by its negotiated pay arrangements, up to 10% will get no pay rise at all this year and a further 40% will get below-inflation rises and a cut in their bonuses. It highlighted the fact that the average annual pay for a cashier is only £12,500.


Michael Geoghegan, the head of HSBC’s UK arm, has said that 70% of staff would get pay rises of above 3.5% and less than 2,000 would get no increase.


The bank said it was spending £162m on clerical and management pay rises and bonuses, and that seven out of 10 clerical staff would get a bonus of more than 10% of annual salary. It claimed two-thirds of staff earn more than the industry average in the UK.


Amicus first threatened strike action last month, on the day HSBC unveiled record profits of £9.1bn, the best results ever reported by a UK-based bank.

Avatar
Mike Berry

previous post
Public sector union re-elects general secretary
next post
Managing the risk from removable media

You may also like

Law protecting frontline workers against violence takes effect

28 Jun 2022

Postal workers and doctors threaten strikes over pay

28 Jun 2022

Heathrow-based cabin crew set for 18% pay rise

28 Jun 2022

Attracting diverse young talent to the ‘secret’ world...

28 Jun 2022

Four-day week: what are the legal considerations for...

28 Jun 2022

Hire quality vs speed: Finding the perfect balance...

28 Jun 2022

Gender pay gap ‘won’t close until 2151’

27 Jun 2022

Third of employees living ‘payday to payday’

27 Jun 2022

PwC to award inflation-busting pay increase

27 Jun 2022

Barristers walk out in protest over fees

27 Jun 2022
  • NSPCC revamps its learning strategy with child wellbeing at its heart PROMOTED | The NSPCC’s mission is to prevent abuse and neglect...Read more
  • Diversity versus inclusion: Why the difference matters PROMOTED | It’s possible for an environment to be diverse, but not inclusive...Read more
  • Five steps for organisations across the globe to become more skills-driven PROMOTED | The shift in the world of work has been felt across the globe...Read more
  • The future of workforce development PROMOTED | Northumbria University and partners share insight...Read more
  • Strathclyde Business School expands its Degree Apprenticeship offer in England PROMOTED | The University of Strathclyde is expanding its programmes...Read more
  • The Search for Talent: Six Major Employer Pitfalls PROMOTED | The Great Resignation continues unabated...Read more
  • Navigating the widening “Skills Confidence Gap” in 2022, and beyond PROMOTED | Cornerstone OnDemand conducted a global study...Read more
  • Apprenticeships are the solution to your recruitment problems PROMOTED | Apprenticeships have the pulling power...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+