FCA staff vote in favour of strike action over pay cut proposals

87% in favour of industrial action

clock • 3 min read
FCA under pressure over pay cut proposals
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FCA under pressure over pay cut proposals

Staff at the UK watchdog the Financial Conduct Authority have voted overwhelmingly in favour of taking industrial action against proposed cuts to pay and conditions.

FCA members of the trade union Unite voted 87% in support of striking should their demands not be met following negotiations. Unite said that it can now proceed to a full industrial action ballot unless a negotiated settlement is reached with the FCA. FCA CEO Nikhil Rathi - who has championed the cuts to pay at the financial regulator - had previously dismissed employee complaints as "noise". FCA blocks employee email containing union petition - reports According to Unite, the pay cuts "threaten to damage the interests of savers, borrowers and businesses by creating a bargain ba...

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