Trade unions across the world have gathered to fight to save the thousands of job cuts resulting from takeovers. Initiative has tightened by the spur of job cut in the takeover battle for Dutch bank ABN Amro.
The meeting has been called by UNI, an international confederation of unions, representing 14 million working men and women. The unions involved aim to increase transparency and to ensure that staff representatives from across the companies affected by the bids, can share information and develop strategies to safeguard jobs.
The objectives of the union’s conglomeration are:
• Avoid compulsory redundancies
• Preserve union negotiated agreements
• Preserve staff terms and conditions and observe core labour standards.
• Enter into negotiations with UNI on a global framework agreement on core labour standards and social dialogue.
To protect the workers rights, UNI has summon to the CEOs of ABN-Amro, Barclays, Royal Bank of Scotland, Santander and Fortis demands detail report of the deal, including financial, economic status and social backgrounds to the bids.
A union meeting is scheduled today at the office of Unite, the newly formed union created by the merger of T&G and Amicus. In the meeting unions from Belgium, Brazil, Greece, Italy, the Netherlands, Spain, Panama, Switzerland and the UK will assemble.
UNI came into action in the ABN Amro takeover fight, as the takeover battle poses the fear of possible job cut in ABN Amro’s home base of the Netherlands and in Britain and other locations around the world. Suitor bank Barclays said that if it would get ABN Amro than bank would possibly slash 23,600 jobs from the 216,000 combined workforces. The RBS-led consortium, also acknowledged the possible job cut.
In the biggest ever takeover battle for the any bank has entered in the very crucial face. Previously ABN AMRO has agreed for a £45bn takeover from Barclays, but later RBS led consortium increases its bid and gave another lucrative option for the shareholders. Deal is already in the under scrutiny of court as ABN AMRO has accepted the bank of America’s offer for its American arm LaSalle, but RBS drag deal to the court and Dutch court stipulate the deal. American bank also threaten for the compensation, if deal will not signed.
Image: harken
Via: guardian
