Bankers sneak out bonuses while working people face mo...

Bankers sneak out bonuses while working people face more austerity

20 March 2013

News today (20 March) that nine Barclays executives received share fortunes worth a combined £40 million provoked fury from the union representing Barclays staff in branches, back offices and call centres, Unite.

Unite general secretary Len McCluskey said:

"On the day the chancellor cruelly demands more austerity from working people, to pay for an economic crisis caused by bank bosses, Barclays bury the news that senior bankers are pocketing millions. Working people and ordinary bank staff who played no part in causing the economic crisis have a right to be furious.

"This announcement makes a complete mockery of any claims that banks are cleaning up their acts when it comes to bonuses. Antony Jenkin's promise of a culture shift at the bank sounds hollow - it looks like business as usual at the bank.

"Staff in branches and call centres up and down the country want to get on but many continue to struggle on low pay. Meanwhile, senior bankers who were at or near the helm during the scandals that have rocked Britain's banks behave like nothing has changed."


Contact: Ciaran Naidoo on 07768 931 315

Unite is Britain and Ireland’s largest trade union with 1.5 million members working across all sectors of the economy. The general secretary is Len McCluskey.