Unite the Union

Unite the Union

September 26, 2007 08:41 ET

Unite reaction to Northern Rock's potential buyers

LONDON, UNITED KINGDOM--(Marketwire - Sept. 26, 2007) -

Unite's reaction to Northern Rock revealing that it has had a number of potential bidders for the company and that it is in preliminary talks with some of these potential buyers.

Unite national officer, David Fleming says,

"Northern Rock employs 6,500 employees. It is absolutely vital and morally correct that their interests are taken into consideration and their futures are protected.

Unite is calling on Northern Rock to be open and transparent and involve the union at the earliest opportunity. The union is calling for an urgent meeting with Northern Rock to discuss these potential bidders.

The union is extremely concerned that Northern Rock's assets might be broken up and that there is speculation that a consortium of hedge funds have expressed an interest in the bank's mortgage book. "

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  • Ciaran Naidoo
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