Unite will fight for jobs in finance
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Wednesday, 08, Oct 2008 12:00
Unite's senior employee representatives from across the financial services, will hold an emergency meeting this Wednesday (8th October), to draw up plans to protect their members in the face of the credit crunch.
The union will develop a charter to fight for jobs in finance and will be looking to hold employers to account for their disgraceful behaviour, which has brought a highly profitable industry to the brink of collapse.
Following the take-over of HBOS by Lloyds TSB and the part nationalisation of Bradford and Bingley, the union is warning employers that they will not accept compulsory redundancies in the banking industry.
The union is calling for a fundamental overhaul of the banking system, with tougher regulatory requirements. The union will also call for an end to the offshoring of finance work and for the culprits of the credit crunch to be held to account.
Unite's deputy general secretary, Graham Goddard said,
"There are hundreds of thousands of staff working for the financial services in branches, call centres and back offices right across the country. They are not the culprits of the credit crunch and we are not prepared to allow them to become the victims.
"Unite's senior representatives from across the financial services are launching a campaign to fight for their jobs and their industry. We will use all our legal rights and political influence to campaign for job security and an end to greed and irresponsibility.
"Its time to hold employers to account. Their disgraceful behaviour and cavalier attitudes to lending and risk has brought a highly profitable industry to the brink of collapse."
The union will be launching a drive to galvanise workers in the financial services and lobby MPs, MEPs and the regulator to call for an overhaul of the banking system.
Unite is Britain's biggest union with 180 000 members working in the financial services. The union has members at LTSB, HBOS and Northern Rock. As mergers and take-overs intensify, the staff working in the financial services must be protected. Most people working in the financial services survive on modest incomes. They are not the big city bankers who caused the credit crunch, they are the victims. The starting salary for many workers in the financial services is as little as £12,000 a year.
ENDS
Contact: Ciaran Naidoo 07768 931 315
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