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Group & Bank Redundancy Terms

Co-operative Group & CBG

Redundancy Arrangements

In recent days NACO has received a great deal of feedback from members at the Co-operative Group regarding the disparity between redundancy terms at Bank and Group as outlined below:
  • The Co-operative Group - statutory redundancy X 1.75, with no upper limits  see matrix
  • Co-operative Banking Group - 3 weeks pay for every full year of service, to a maximum of 80 weeks

Your Views
To understand the view of membership and take a message to the business we have opened a brief web survey to capture your thoughts, comments and ideas.

Please take five minutes to tell us how you feel about the current redundancy arrangements - a large body of opinion will send a real message to the Executive.

If you would like to speak with a NACO Official on any issue, please contact the NACO National Office.