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Pay 2021: Campaign Archive
The campaign for Pay 2021 took place towards the end of 2020. At this point we had endured two national lockdowns, COVID-19 restrictions were still in full swing and the cost of living crisis was looming. The bank advocated for wage restraint and considered the possibility of mass defaults as a key risk to the financial security of the organisation. The final pay offer was relatively low but was in line with similar offers achieved across the finance sector.
While the pay offer was accepted by members in our Pay Ballot, turnout was low and many members expressed their anger at the continuation of low pay rises. These voices and that anger would grow throughout 2021 as rising cost of living pressures grew into a crisis.
Pay 2021: campaign newsletters
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Pay 2021: Full financial disclosure
In pay negotiations one of the most important elements to consider from the union’s perspective is the bank’s ability to pay the pay rise we demand. To help assess this, we will look at the bank’s financial reports and commission analysis from a forensic accountant. However, as we moved into 2020 and the COVID-19 pandemic…
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Pay 2021: Pay claim and COVID payment
For Pay 2021, the impact of COVID-19 was a key influence. Economic uncertainty was beginning but the cost of living crisis that would follow had not yet started in earnest. This was the first of several times that Unite requested an award of NatWest shares for workers so that they could share in the success…
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Pay 2021: Pay ballot
Negotiations for Pay 2021 took place in the midst of the COVID-19 pandemic and the early signs of a looming cost of living crisis. The bank’s position remained that restraint was the order of the day. The negotiated pay offer appears low in retrospect but was in line with those achieved in other finance sector…
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Pay 2021: Ballot outcome
In the ballot of Unite members, the Pay 2021 pay offer was backed by the majority of NatWest members. However, feedback to Unite representatives suggested a high degree of discontent with many workers stating that they felt left behind and disengaged with the annual pay process. This was reflected in a disconcertingly low voter turnout…