Unite the Union

Unite the Union

October 08, 2007 11:35 ET

UNITE REACTION TO CITIGROUP AND MERRILL LYNCH LOAN FOR NORTHERN ROCK

LONDON, UNITED KINGDOM--(Marketwire - Oct. 8, 2007) -

Unite Deputy General Secretary, Graham Goddard, says:
"Unite is campaigning to secure Northern Rock's future as an independent
single entity and to protect thousands of jobs. News that US banks Citigroup
and Merrill Lynch are trying to put together a package of Pounds Sterling
10bn of loans for the bank, is certainly encouraging.

Unite will be meeting with Northern Rock's management tomorrow and we
will asking the company to set out where it stands on the different offers.
Unite has written to MPs and Councillors across the North East in order to
seek their support for the future of Northern Rock as an independent North
East based bank. Additionally, we will be asking business leaders, sports
personalities and the general public to pledge their support for the
employees of Northern Rock."

Contact Information

  • Ciaran Naidoo
    07768 931 315