Atos Report

Atos has recently reported the delayed 2023 financial results as the share price continues to remain low. Czech billionaire and EPEI owner Daniel Kretinsky pulled out of a takeover as both sides failed to reach agreement on the value of the company. Airbus have also pulled out of a deal to purchase the Big Data and Security side of Atos. Staff are becoming increasingly worried about job security and their pension pots. Atos reps met with the company and were given assurances about pensions and funding for 2024.

Talks show the importance of a strong union presence

Transition talks have been delayed on business-to-business TUPE following the announcement that parts of NS&I were to be TUPEd to Sopra Steria in April 2024 at the end of the current contract. PIP transition talks are due to start at the end of April 2024 with a view to transitioning to the new employers in September 2024. These talks show the importance of a strong union presence as terms and conditions can be eroded; and have been in non-unionised companies.

CBU pay talks are due to take place in April and PCS has put in a pay claim for an across-the-board increase of 7.5%. These talks are face to face and hopefully, like last year, a deal can be done on the day.