Unite the Union

Unite the Union

June 03, 2007 03:00 ET

Global Unions to Plan Cross Border Response to ABN Amro Take-Over Battle

Embargoed until 00.01 4th June 2007

LONDON, UNITED KINGDOM--(Marketwire - June 3, 2007) - Unions from at least a dozen countries, representing staff working for the RBS consortium, Barclays and ABN Amro will be meeting at the Unite headquarters on 4th June to develop a cross-border coordinated response to the attempts to acquire ABN Amro.

The meeting has been organised be UNI, an international confederation of unions, representing 14 million working men and women. The unions involved aim to increase cross-border co-operation to ensure that staff representatives from across the companies affected by the bids, can share information and develop strategies to safeguard jobs.

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

UNI has written to the 5 CEOs covering ABN-Amro, Barclays, Royal Bank of Scotland, Santander and Fortis demanding comprehensive dossiers setting out the financial, economic and social backgrounds to the bids.

Oliver Roethig, Head UNI Finance says,

"Together with the unions, UNI we will be working to defend the interests of the employees of all the banks involved in this bid on a European and international level.

The rapid emergence of cross European players requires an enhanced capacity for international co-operation between unions.

UNI are 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 be meeting to develop a cross-border co-ordinated response to the attempts to acquire ABN Amro."

Unite, National Officer David Fleming says,

"This meeting is not a beauty contest to decide who's bid is more acceptable, as thousands of jobs are on the line in both cases. This is an opportunity to share information and develop strategies to avoid compulsory redundancies and protect terms and conditions no matter who the successful bidder for ABN-Amro is.

Thousands of staff are caught in the middle of this takeover battle and are watching with growing uncertainty. Unite is calling on all parties to provide more details on how the bidders intend to make the billions of cost savings they envisage.

The workforce expects all parties to operate with transparency, to provide them with timely and accurate information and communicate regularly so that they are ready to respond to the final outcomes."

The Unions attending the meeting are coming from; Belgium; Brazil; Greece; Italy; Netherlands; Spain; UK; Panama; Switzerland.

Union officials attending the meeting will be available after 400.pm for interview on 4th June at Unite, Amicus section headquarters, 35 King Street, London, WC2E 8JG.

Contact Information

  • Unite (Amicus section)
    Ciaran Naidoo
    07768 931315