Unions work to save jobs and conditions as European bank giants merge

ABN AMROAs the Royal Bank of Scotland and Barclays Bank battle it out to buy massive Dutch bank ABN AMRO, unions from over a dozen countries, representing staff in all those banks, have met in London to developed a cross-border coordinated response to the buyout.

The meeting was organised by UNI, an international confederation of unions, representing 15 million workers (including Finsec members).

As well as sharing information trade unions are demanding more information on how the bidders intend to make the billions of cost savings they envisage.

UNI on behalf of the unions are demanding that the banks;

  • Avoid compulsory redundancies
  • Preserve union negotiated agreements
  • Preserve staff terms and conditions and observe core labour standards.
  • Enter into negotiations with Uni on a global framework agreement on core labour standards and social dialogue

Oliver Roethig, Head UNI Finance said:

“We remain very concerned about the two competing bids for ABN-Amro. The result of either bid will mean worldwide operations will become ever-more integrated and thousands of jobs are at stake. Unions from across the world will now speak with one voice at a time of massive uncertainty for finance sector staff across the world.”

(thanks to Pien & Joris for the photo)

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