Unite demands job security for finance workers

28-10-2008

Unite demands job security for finance workers
Trade union Unite is calling for the protection of jobs in the finance industry, claiming workers are victims of the credit crisis, not the authors.

The union is meeting MPs in the House of Commons to set out its demands for the reform of the financial sector.

Unite wants to see a commitment from the government that after spending taxpayers' money to support the industry, jobs and communities will be prioritised over executive bonuses.

Derek Simpson, Unite joint general secretary, said: "Unite is calling 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.

"Workers in the financial services industry are not the culprits of the credit crunch and we are not prepared to allow them to become the victims.

"It is not acceptable for the government to socialise the risk without allowing the wider society to capitalise on the rewards in the finance industry."

Unite wants an overhaul of the regulatory structures of the financial services sector to include trade union involvement.

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