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Co-op bank employees begin 24-hour strike

Co-operative bank employees staged a 24-hour strike on Tuesday over demands for a return to the salaries they enjoyed before the crisis led to pay reductions.

The bank workers are demanding a gradual return of at least part of the income they lost when salaries were temporarily scaled down in an agreement that set out a 2014-2018 timeline.

The say that have been sacrificing an average 15% of their salaries to support the Co-operative banking movement during the financial crisis, contributing €100 million so far. They have also sacrificed getting raises they would otherwise have expected, the workers say.

With 77% of the members of the branches of worker unions SEK, PEO and PASIDY showing up for a relevant vote last month, 97% had said they were in favour of the strike.

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