Unite the Union

Unite the Union

June 04, 2007 12:36 ET

Global Unions Agree Cross Border Response to ABN Amro Take-Over Battle

LONDON, UNITED KINGDOM--(Marketwire - June 4, 2007) - Unions from over a dozen countries, representing staff working for RBS, Fortis Santander, Barclays and ABN Amro have met at the Unite headquarters, London and developed a cross-border coordinated response to the attempts to acquire ABN Amro.

The meeting, organised by UNI, an international confederation of unions, representing 15 million working men and women. The unions have established a formal network to increase cross-border co-operation to ensure that staff representatives from across the companies affected by the bids, can share information and develop strategies to safeguard jobs.

UNI on behalf of the unions are demanding that the banks;

- Avoid compulsory redundancies

- Preserve union negotiated agreements

- Preserve staff terms and conditions and observe core labour standards.

- Protect the best practice of existing the EWCs

- Enter into negotiations with Uni on a global framework agreement on core labour standards and social dialogue

UNI will write to the 5 CEOs covering ABN-Amro, Barclays, Royal Bank of Scotland, Santander and Fortis demanding comprehensive dialogue and dossiers setting out the financial, economic and social backgrounds to the bids.

Oliver Roethig, Head UNI Finance says,

"Together with the unions, UNI have established a network aimed at protecting the interests of these workers across the world. We will develop strategies to avoid compulsory redundancies and protect terms and conditions no matter who the successful bidder for ABN-Amro is.

"We remain very concerned about the two competing bids for ABN-Amro. The result of either bid will mean worldwide operations will become ever-more integrated and thousands of jobs are at stake. Unions from across the world will now speak with one voice at a time of massive uncertainty for finance sector staff across the world."

As well as sharing information trade unions are demanding more information on how the bidders intend to make the billions of cost savings they envisage.

The Unions attended the meeting from; Belgium; Brazil; Greece; France; USA; Italy; Netherlands; Spain; UK; Panama; Switzerland.

Contact Information

  • Unite (Amicus section)
    Ciaran Naidoo
    07768 931315
    Unite (Amicus section)
    Saba Mozakka
    07768 693 953