Barclays is one of the richest banks in the world - so why do Barclays Africa workers not get their fair share?

Join the Global Day of Solidarity!

The UNI Finance Barclays Alliance is organizing a Global Day of Solidarity on the day of Barclays AGM, the 23rd of April 2015.

Huffington Post piece: Barclays Considers Raising Wages For Lowest-Paid Workers Around The World

You can join the #Living Wage campaign on Twitter and Facebook. Barclays is a certified as a “Living Wage” employer in the UK, which is great news but why not everywhere else ? We are asking Barclays to become a Living Wage Employer in other countries as well.

Download the report here

The Barclays CEO was awarded a total package of £5.5m in 2014 (or 8.18 million dollars in a year, 7.67 million euros in a year). How many years of work would it take a bank teller in your country to earn as much? Post your response through the social media.

The Barclays Report will be published on the Day of Solidarity, based on a survey conducted with the UNI affiliates in Europe and Africa as well as corporate research.

Background

It was announced on March 3rd 2015 that Barclays profits rose 12% to £5.5bn in 2014.

The CEO Antony Jenkins was awarded a £1.1m bonus - his first as chief executive - pushing his total pay package to £5.5m in 2014.

For a bank teller in Tanzania, with a starting wage of around 294 dollars a month, it would take him or her more than 2300 years to earn as much as the Barclays CEO  and 690 years to earn as much as the Barclays Africa CEO. The ratio in Uganda is similar.

In Zimbabwe, a new employee would need to work 1136 years to earn as much as the Barclays CEO and 338 years to catch up with the Barclays Africa CEO.

In May 2014, the bank had announced a plan to cut 19,000 jobs by 2016. But the unions and the employees have raised their voice and the job cuts have been put on hold at least temporarily in some countries like Italy. However, in a context of restructuring, the levels of stress have been raising among the employees. According to the Barclays staff survey, 50% of the employees worldwide struggle with high level of stress, a trend that has become a widespread issue for the health of employees in the finance sector.

In Africa, the Bank is expanding its business quickly. But workers’ rights are slower to develop and income inequalities are still prevailing. In some countries like Uganda or Tanzania, the workers don’t have a voice on the job as the local unions are not being fully recognized by the company. In Botswana, Barclays is employing a lot of contract workers on a short-time basis, who are not covered by the collective agreement. In Zimbabwe, the union represents nearly 83% of the workforce but the starting salary is still very low.  

It’s time for Barclays workers to get their fair share. They work hard every day to add value to the company.

The members of UNI Global Union Finance, the global union representing 3 million finance employees in over 100 countries have joined forces to create the Barclays Global Alliance. Together we say enough is enough: “Enough to large executive bonuses when employees are struggling to get by. Enough to increasing sales pressure and stress on a day to day basis. Enough to workers going voiceless.”

Get involved today!

Barclays Africa

The UNI Global Union’s Barclays Africa Alliance was launched in Ghana in July 2014 to develop a strong network of union members throughout the continent.The Europe Alliance was launched in London on the 26th of January 2015. Both platforms will merge during the week of June 22nd 2015 with the launch of the Barclays Global Alliance in Tanzania. Together the unions are asking for job security, fair pay, less stress and a voice on the job.

The main objective of this three year initiative, being funded by LO-TCO, the solidarity fund of the Swedish union confederations, is to improve the working conditions of African employees of Barclays by increasing union density at the grassroots level while reaching out to the top management to negotiate collective agreements at national level and global agreements to safeguard workers’ rights.

Barclays is going through a period of profound transformation that will impact staff throughout the organisation. It is vital that the staff voice is heard and respected. UNI's goal is to grow unions and to develop a dialogue with Barclays in Africa. The African economy is full of promise and opportunity. We must link that growth to social sustainability.Decent work, fair pay and the right to unionisation are the  way to create sustainable economic growth both for Barclays’ shareholders and its African employees.