Unite reaction to bank bonus announcement
Derek Simpson, Unite Joint General Secretary, said:
Unite welcomes the acknowledgement from the Government that staff at RBS, and across the financial services sector, are not the culprits of the financial crisis and must not face cuts in their pay packets in a desperate attempt to satisfy the hunger of the pack.
“Unite will continue to fight to defend employees in banks and call centres up and down the country to ensure that low paid staff do not suffer for the greed of bank bosses. Staff are among the victims, not the culprits of the financial crisis. Our members at RBS are not, as is often suggested, the executives earning hundreds of thousands of pounds in bonuses.
“Many of the staff on the front line of the financial services sector earn salaries as little as £12,000 per year. They are not those in the City of London earning mega bonuses. Union members rely upon the small annual bonus payment, they have been promised, to supplement their low income and pay their family debts.
“RBS employees are hard working and their on-going dedication, despite the continued difficulties in the financial services sector, reflects the professionalism of the workers at the bank.
“The union recognises the difficulties caused by the current economic turmoil across the financial services industry and the direct impact this has had in RBS. Lets be clear front line staff did not cause the credit crunch and we will not allow them to pay the price for it.”
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For further info contact: Saba Mozakka, Unite Press Office on: 020 7420 8916 or 07768 693 953.
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