Unite: HBOS staff demonstrate outside shareholders meeting

Tuesday, 9 December 2008 12:00 AM

Employees of HBOS will hold a demonstration outside the bank's Extraordinary General Meeting (EGM) in Birmingham on Friday 12th December.

Unite members will wear t-shirts with slogans saying: "SECURE JOBS = SECURE BANK" in a bid to remind shareholders that the voice of employees must not be ignored. Unite the union represents staff at both LTSB and HBOS.

Staff will hand out mock ballot papers to shareholders as they enter the meeting calling on them to use their vote for a secure bank - "Don't forget the workers at LTSB and HBOS." The leaflets to shareholders form part of the campaign to make the voice of employees heard.

Unite members will demonstrate to show that they are committed to the organisation and will continue to work hard to protect the future of the bank. The current climate of speculation about the future of the bank has resulted in a great deal of uncertainty and insecurity for Unite members.

Unite recently launched a 'Social Contract ' which sets out the union's expectations for the future of the financial services sector.

The Unite Social Contract states:

1. Recognition of Unite as a key stakeholder in the future of the financial services industry.
2. To ensure the employment security of employees in the finance sector.
3. To protect and improve the terms and conditions of employees, including pension arrangements
4. End the remuneration packages of senior executives which reward short-termism and irresponsible risk taking.
5. Overhaul of the regulatory structures of the financial services sector to include trade union involvement in order to enhance the accountability of finance institutions.

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For more information or for interviews please contact: Saba Mozakka, Unite Press Office on: 020 7420 8916 or 07768 693 953.

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