Branch Secretary :

Unions demand 5% pay increase for Peabody workers

Pay up Peabody


Despite bumper surpluses housing workers at Peabody have repeatedly suffered real terms pay cuts.  Now they are saying “enough is enough." Below is the text of a Unite leaflet.  Peabody management say that financial performance is especially strong; their staff say "we cant take more real terms pay cuts."


Unite members outside Peabody's head office


Pay rises under inflation


After successive years of under infationary pay rises, Unite the Union says it’s time for Peabody to pay all of its hard working staff a fair pay increase in this year’s negotiations.  Unite the Union says that only a 5% pay rise across the board, including our former Peabody Older Persons directorate colleagues, will help put right the years of net losses caused to the real value of staff take-home pay.


Peabody surplus of £175 million


Both Unite and our fellow trade unionists in Unison will be pressing for some of the benefits of the merger savings to be passed on to the staff who have put so much effort into the creation of the new Peabody, which reports a £175m surplus in 2018 (source - Peabody financial report).  Unite says that it’s time that the employer backs its staff - just as they have backed Peabody since merger.  Peabody Unite says - a 5% pay rise for all staff!


Reasonable income


Peabody Unite - 5% Pay Claim 2019 This pay claim is prepared and presented on behalf of members of Unite the Union who are covered by the recognition agreement between Unite the Union and Peabody.  The pay claim addresses matters of importance to members of the Union and the Employer.  It addresses the need for a substantial rise in pay and changes in conditions for our members - and indeed across the organization - to maintain a reasonable level of income.


£3.1 million staff savings in 2018


Peabody Unite’s case is that both its members and fellow colleagues within Peabody, have created the successful figures reported in the Peabody annual: -Peabody surplus £175m (Peabody financial report 2018) - Customer satisfaction ratings 78% - Peabody, 82% - FM, 98% - Care and Support -Peabody Credit Rating ‘A3’ - £3.1m ‘establishment’ staff savings in 2018 as a result of merger. -£19.2m overall merger integration savings target. “The finnancial performance for 2018 is an especially strong result ...” Susan Hickey, Chief Financial Oficer.


“It costs more to live and work in London now than ever before”


These strong fgures have been created by the efforts of its staff, Peabody Unite will therefore be filing a 5% pay claim for its members, including our former Peabody Older Persons directorate colleagues, based on the following: -Current RPI in?ation stands at 3.1% (Q1 2019 - source -RPI infation is forecast to run between 3.1% and 3.2% for 2019/20. -The combined group wage costs have fallen from £96.2m in 2017, to £93.6m in 2018. -“It costs more to live and work in London now than ever before. Workers deserve a sustainable income that reflects this ...” Brendan Sarsfield in the Peabody Low Pay Report 2018. - Peabody pay rises for the last five years have been at levels below RPI inflation, leading to a real loss of value for staff take home pay.


8th April 2019

Comments :

Absolute disgrace...... greedy HA’s all over the country that put their staff last and their profits first. It will only stop if we make it stop.

By Vincent on 2019-04-08 11:03:52


Before Posting

We welcome debate and discussion on our website, but we also want an open, respectful, inclusive space in which forms of abuse or personal attack will not be tolerated. Comments will be moderated and will be removed if they are found to be unduly offensive. You should also be very careful in posting information about your employer. Employers do visit the website and if you think a comment could get you into trouble for releasing confidential or sensitive information, or for bringing the employer into disrepute, please do not post it. It remains your individual responsibility to ensure that what you post is appropriate. Please therefore just give a moment's thought to what you are saying. The types of comments that are likely to be moderated are:

  • Personal abuse or attacks on an individual.
  • Information which breaches another person's right to confidentiality.
  • The use of offensive language, including swear words, or language which is racist, sexist, or otherwise breaches equalities standards.
  • Anything that might place the Branch or the wider union in legal jeopardy.
  • Adverts or information which is posted for commercial gain.

* Name
* Email (will not be published)
* field is required