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To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential for (a) job losses and (b) loss of union recognition as a result of the sale of Co-op Insurance to Markerstudy.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential for (a) job losses and (b) loss of union recognition as a result of the sale of Co-op Insurance to Markerstudy.
The details of mergers and takeovers are primarily a commercial matter for the parties concerned.
The Employment Relations Act 1999 introduced a statutory recognition procedure that gave independent trade unions the right to apply to the Central Arbitration Committee (CAC) to be recognised by an employer for collective bargaining over pay, hours and holidays in respect of a group of workers in a particular bargaining unit.
Where an employer decides not to recognise or to derecognise a trade union, the union can use the statutory recognition procedure. The CAC can award recognition where a clear majority of the bargaining unit want it, and this is established in most cases through a ballot of the workforce.
That this House notes the negotiations taking place between Co-operative Insurance and MarkerStudy, with a view to MarkerStudy taking over operations; further notes that the Co-operative Insurance workforce have served the company loyally, some over many years; is concerned that this takeover will result in 200 jobs disappearing; is equally concerned that MarkerStudy have made it clear that they will not recognise or engage with Trade Union representatives for the remaining 800 staff; reminds Co-operative Insurance of the moral and ethical base of the co-operative movement, which is just as important today as at any time in its history; calls on the Co-operative Insurance management to examine its moral compass and to review its decision to so disadvantage key stakeholders in the Co-operative Insurance business.
That this House notes the negotiations taking place between Co-operative Insurance and MarkerStudy, with a view to MarkerStudy taking over operations; further notes that the Co-operative Insurance workforce have served the company loyally, some over many years; is concerned that this takeover will result in 200 jobs disappearing; is equally...