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PSIS - the not so co-operative co-operative?

For immediate release
Friday 30 May 2008

PSIS - the not so co-operative co-operative?
Staff to vote on strike action to achieve pay parity with banks

PSIS, the union established co-operative, may be the subject of strike action following a second rejection of a settlement proposal by union members. Staff are unhappy that PSIS has not recognised that their jobs are comparable with roles in other banks.

Finsec members in the PSIS are seeking pay parity with comparable roles in banks.

“For an organisation that was originally set up by unions, PSIS has taken a very un-union position on how much it values its staff,”said Finsec National Organiser Bella Pardoe.

“We are seeking pay parity with staff doing similar roles in banks. We do virtually identical tasks to bank workers, and in many cases we do more than the roles we are comparing ourselves with. It is time for PSIS to recognise the market value of its workforce,” said PSIS staff member Roz Cull.

“Staff don’t want to be taken for granted. We like working for PSIS, we deliver customer service that regularly comes out top in satisfaction surveys and we also think we should be paid appropriately for it,” said Roz Cull.

“Staff have rejected the PSIS’s proposal because it does not recognise their worth. We have called on PSIS to come back to the bargaining table but if they do not address the issues of pay parity and pay increases, union members will be voting on whether to take strike action,” said Bella Pardoe.

“PSIS can avoid this by acknowledging that staff should be paid the same as people doing virtually identical roles in banks and increasing their pay offer. The PSIS are leaders in customer satisfaction and they should pay well too,” said Pardoe.


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