Unite the Union

Unite the Union

September 23, 2007 19:01 ET

Bid For Resolution Means Uncertainty For Standard Life Staff

LONDON, UNITED KINGDOM--(Marketwire - Sept. 21, 2007) -

Embargoed until 24th September

Unite, Britain's biggest union, says that Standard Life's possible bid for Resolution creates more uncertainty for staff.

Standard Life confirmed recently that it may gatecrash the GBP 8bn merger of Resolution and Friends Provident. Unite is concerned that this late bid will cause more uncertainty for its members in Standard Life, Resolution and Friends Provident. While a lack of independent representation for staff at Standard Life does not bode well for openness and transparency, the staff will no doubt be affected if a bid goes ahead.

Unite has written to Standard Life to formally notify the company that the union will be applying for statutory recognition at the company.

Unite National Officer, David Fleming, says,

"A bid from Standard Life for Resolution will create a lot of uncertainty for staff given its record on openness and transparency.
Standard Life's recent handling of changes to its own employee's pension scheme and what the union believes has been amateur union busting tactics, does not bode well."

"Standard Life is now another corporate predator looking for opportunities to increase share holder value.

Staff at Resolution and Friends Provident, benefit from Unite fighting their corner. Unfortunately, Standard Life have denied their own staff of independent representation which is so important in times of uncertainty.

Unite has written to Standard Life to formally notify the company that the union will be applying for statutory recognition at the company."


Contact Information

  • Ciaran Naidoo
    07768 931 315