Unite: Finance industry workers demand job protection

Unite: Finance industry workers demand job protection

Unite: Finance industry workers demand job protection

Finance sector workers will protest outside the House of Commons on Tuesday 28th October and demand changes to the structure of the finance services sector. Unite will launch a ‘Social Contract’ for the financial services industry.

With a life size ‘Social Contract’ workers from the industry will demand that jobs are protected as part of the bailout of the financial services sector.

Wearing t-shirts stating: “STOP BANKERS GREED” workers will call for the government and finance companies to adopt the five point social contract. The contract calls for the protection of jobs, pensions, the end to the short-term remuneration policies and an overhaul of the regulatory structures in the financial services sector.

The Unite Social Contract states:

  • Recognition of Unite as a key stakeholder in the future of the financial services industry.
  • To ensure the employment security of employees in the finance sector.
  • To protect and improve the terms and conditions of employees, including pension arrangements
  • End the remuneration packages of senior executives which reward short-termism and irresponsible risk taking.
  • Overhaul of the regulatory structures of the financial services sector to include trade union involvement in order to enhance the accountability of finance institutions.

– Ends –

Date: Tuesday 28th October 2008
Location: College Green (Abingdon Green), outside House of Commons
Time: 10am – 10.30am

For information on the photo opportunity or the Social Contract please contact: Saba Mozakka, Unite Press Office on: 07768 693 953.