Unite the Union

Unite the Union

October 10, 2007 10:41 ET

Unite's reaction to confirmation that the RBS consortium has succeeded in its bid for ABN-Amro

LONDON, UNITED KINGDOM--(Marketwire - Oct. 10, 2007) -

Unite Deputy General Secretary, Graham Goddard says,

"Unite will be holding the RBS consortium to account on its worker commitments.

We have told the banking consortium which plans to break up ABN-Amro, that the international trade union movement will hold them to account over their commitments to safeguard workers jobs following the hostile takeover."

The consortium has already published a 9 point plan outlining its so-called 'People Principals'.

The Consortium People Principles

The expertise and experience of ABN AMRO people are a key reason why its businesses are so attractive. We are successful because our people are talented, motivated and rewarded. We want the same for the staff of ABN AMRO who join us. Our People Principles underpin our approach to people in this deal and will apply across the board.

The People Principles will apply to all employees of the combined businesses (Consortium & ABN AMRO) and support the way in which we create stronger businesses with enhanced growth prospects.

1. It is the Banks' firm intention that job losses will be managed through voluntary measures, including natural turnover, redeployment and voluntary redundancy.

2. There will be no forced dismissals in the Netherlands. Departure through the social plan is not considered to be a forced dismissal.

3. The Consortium will not take initiatives of any significance in terms of the off-shoring of activities as a result of this transaction.

4. Existing Social Plans and Collective Labour Agreements will be honoured.

5. The Banks' commit to continue working constructively with works councils, trade unions and other representative bodies.

6. It is the Banks' firm intention to actively retain individuals in key roles across the transaction, to ensure business continuity.

7. Retention of the best talent will be done through a fair appointment process based on merit and competencies, and in compliance with legal obligations.

8. An employment office will be created to identify and manage redeployment opportunities for staff across the operations of the banks, within the Netherlands and other appropriate territories.

9. For the purposes of re-organisation and separation, employees will follow the business unit where they are currently employed.

Contact Information

  • Ciaran Naidoo
    07768 931 315