Barclays staff balloted on industrial action over final salary pension closure

Barclays employees are set to be balloted on whether to take industrial action over the bank’s decision to close its final salary pension scheme.

Trade union Unite says its members are incensed at the pension proposals, which would result in the total closure of Barclays’ pension scheme. In a consultative ballot, 92% of staff said they wanted to be balloted on industrial action.

The union will hold the ballot in August, with potential strike action taking place across the bank in September.

Derek Simpson, Unite joint general secretary, said: “It is unacceptable that Barclays is proposing this unilateral change to workers’ pensions. Unite members will not stand by as their employer rides roughshod over their retirement security.

“The long-serving and dedicated workforce view this pension proposal as a betrayal by their employer.”

A Barclays spokesperson said: “Barclays regrets that Unite has signalled its intention to ballot for strike action.It is our firm belief that the interests of all stakeholders are best served through continued open dialogue. †We are therefore disappointed that Unite have chosen not to re-engage having previously walked away from discussions.

“Barclays stands by the security of pension benefits already built up by employees and is committed to ensuring that pension provision is sustainable, equitable and affordable.

“We will continue to consult and communicate with our employees. †In the event that any disruption led by Unite should occur, we will take all necessary steps to deliver continued service to our customers and clients.”