Amicus the Union

Amicus the Union

March 05, 2007 05:41 ET

Amicus reaction to HSBC profit announcement

LONDON, UNITED KINGDOM--(CCNMatthews - March 5, 2007) -

Attention: news, industrial, business and financial services correspondents

John Nolan, Amicus Official says: "GBP 11.5 billion in profits and HSBC reward their staff with the lowest pay settlement in the banking sector. It is outrageous that an organisation which reports these profits insists on a below inflation pay rise. Amicus would expect the bank to recognise the hard work of staff, not simply reward their shareholders. The pay deal for staff this year simply does not reflect the increase in the bank profits. We urge the bank to work with Amicus on a full pay review to bring our members up to a level that reflects fair pay within the finance sector.

Contact Information

  • Amicus Press Office
    Saba Mozakka
    Communications Officer
    07768 693 953