Joining around 160 delegates from unions across Scotland, Aegis is participating in this year's STUC Women's Conference with a motion regarding young women in financial services.
Conference’s theme this year is ‘Women Organising Against Discrimination at Work’
The motion "Young Women in Financial Services" is moved by our rep Rachel Bonnar on the second day of the conference. The motion highlights the changing landscape of work in financial services and declining union density in the sector, exposing young women and young workers to increasingly precarious conditions at work.
Full text of the motion:
The finance sector in Scotland is a key part of the economy. It directly employs over 100,000 workers, with women filling the majority of junior roles.
Traditionally finance sector jobs have been relatively good quality jobs. However, the sector is changing as established providers transfer work and employees to third parties, many of whom are in no way comparable with the traditional businesses and tend to be non-unionised. There is a real danger that good quality jobs for women will disappear if we don’t protect them collectively.
Union density in this sector has been declining for years. If this trend continues, we’re likely to see a ‘race to the bottom’ with contractual rights and benefits that unions have fought so hard to gain and retain being eradicated - a trend we’ve seen in many other areas of the private sector where there is little or no union density.
It’s estimated that only 10% of women workers aged 16 – 24 in any sector are in a union. We are not recruiting enough young women to replace those we’ll lose to retirement over the next 10 – 15 years. We desperately need to recruit more young women in the finance sector and to encourage and support them to be active in our movement.
If we don’t, the future of trade union membership in this sector will continue to decline and women will be hardest hit.
We call on the STUC Women’s Committee to work with affiliates in the finance sector on a education and marketing campaign specifically aimed at young women workers in this sector - to raise their awareness of trade unions, encourage them to join a union and to help them build the next generation of activists to protect and promote their workplace rights collectively.