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
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.