Unite the Union

Unite the Union

November 26, 2007 09:16 ET

Unite reaction to Virgin named as favourite buyer by Northern Rock

LONDON, UNITED KINGDOM--(Marketwire - Nov. 26, 2007) -

Graham Godard, Unite Deputy General Secretary, said:
"We will be meeting with Northern Rock tomorrow afternoon to seek confirmation on the full details of the deal. We are glad the speculation is over but will be looking for all the reassurances we've been demanding. The company are due to sign the Charter that Unite set out last week but at the moment it looks like they are already ticking some of the boxes including job security and a UK successor. On the surface this appears to be a positive move."

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

  • Jody Whitehill
    020 7420 8938 or 07768 693956