Unite the Union

Unite the Union

November 28, 2007 05:57 ET

Northern Rock signs Unite Charter for Employees

LONDON, UNITED KINGDOM--(Marketwire - Nov. 28, 2007) - Unite the Union has today (28th November) welcomed the decision by Northern Rock to sign the 'Unite Charter for Northern Rock and Potential Stakeholders'.

The six point charter (see Notes to Editors) sets out the union's expectations for management of Northern Rock. Graham Goddard, Unite Deputy General Secretary, launched the charter outside a Newcastle branch of Northern Rock last Wednesday 21st November.

Graham Goddard, Unite Deputy General Secretary, says: "The signing of the Unite Charter by Northern Rock is recognition of the importance of staff in the future of the bank. The current situation within Northern Rock has resulted in a great deal of uncertainty and insecurity for staff. Our charter outlines the principles that must be adhered to whoever takes over the bank.

"We view this Charter as a fundamental base for our relationship with the new owners of Northern Rock. Unite will now press for the future owner to sign the Charter. Staff must be recognised as stakeholders in the future of Northern Rock and to ensure the job security of employees of the bank."

Unite is making a formal approach to meet with the Virgin consortium to discuss their plans for the future of Northern Rock. Should their bid be successful Unite will be pressing them to sign up to the Charter.

-Notes to Editors-

Unite Charter for Northern Rock and Future Stakeholders

1. Recognition of Unite as a stakeholder in the future of Northern Rock

2. To ensure the long term job security for the employees of Northern Rock

3. To protect and improve terms of employment for employees

4. To protect the existing pension arrangements

5. To continue the work of the Northern Rock Foundation

6. To retain Northern Rock as a UK listed company.

Contact Information

  • Unite Press Office
    Saba Mozakka
    020 7 420 8916 or 07768 693 953