Amicus the Union

Amicus the Union

March 20, 2007 12:30 ET

Amicus reaction to Barclays talks with ABN Amro

LONDON, UNITED KINGDOM--(CCNMatthews - March 21, 2007) - Amicus, the union has given a cautious welcome to news that Barclays is to enter into exclusive talks about a takeover of the Dutch bank ABN Amro.

Keith Brookes, Amicus Official says: "It is clear that the talks between Barclays and ABN Amro are at a very early stage.
However, if this deal does go ahead it will allow Barclays to become the truly global organisation it has long aspired to be. This deal to create a global banking force clearly makes sense strategically in order to satisfy the bank's expansion plans.

"We have been given assurances from Barclays that if these talks progress a special meeting of the European Works Council will be convened in order to brief trade union representatives. Amicus is seeking assurances from Barclays that if an agreement is reached it will not result in job losses from Barclays UK operations".

Contact Information

  • Amicus Communications Officer
    Saba Mozakka
    020 7420 8916