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Pru staff set to vote on strike action

Strike action is set to make a comeback to financial services following union dissatisfaction with Prudential plans to transfer jobs from the UK to India.

Financial services union Amicus-MSF, led by general secretary Roger Lyons, met with Prudential UK chief executive Mark Wood last Friday but was unable to get a reassurance there will be no compulsory redundancies.

If negotiations break down, the union will ballot for strike action which would take place in six weeks, believed to be the first strike in the insurance sector since the 1970s.

The union is calling for staff to be retrained and offered other jobs. Amicus represents about 4,000 staff at the Pru.

The company has also angered the unions by closing its final-salary pension scheme to new members. Both sides are set to meet again this week.

Amicus spokesman Brian Harris says: “Hopefully, the company will come back with a more positive stance, otherwise we will ballot for strike action. The 850 people being made compulsorily redundant have nothing to lose by it.”

Pru spokesman Paul Keeble says: “It is vital to continue the ongoing dialogue with the Amicus-MSF. We have already had a constructive meeting and future ones are planned.”

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