Don't sacrifice RBS branch and back office jobs to...

Don't sacrifice RBS branch and back office jobs to pay for scandals and mismanagement

28 February 2013

Unite, Britain's biggest union, has demanded that the Royal Bank of Scotland (RBS) does not sacrifice branch and back office jobs to pay for scandals and mismanagement which have led to a £5.1 billion loss.

Since 2008, 30,000 jobs have been lost at the bank and it has been ordinary bank workers, who played no part in the financial crisis or the Libor scandal, who have had to bear the brunt of the cuts.

Unite national officer Dominic Hook said: "RBS has slashed and burned the jobs of ordinary bank staff while the bosses turned a blind eye to price fixing and mis-selling.

"30,000 jobs have been slashed since 2008. The jobs of bank workers in call centres and branches up and down the UK must not be sacrificed to pay for this gross mismanagement of leadership at RBS.

"Stephen Hester is right to want to reward staff in line with their contribution. That should mean capping bonuses for top bankers who caused the crisis, but it should also mean addressing low pay at the bank where many staff have to claim benefits to get by.

"Instead of setting an example to the world and supporting a cultural shift in the banking industry Stephen Hester refuses to back the EU cap. As the head of Britain's biggest bank he should be showing more leadership and drive change.

"There would rightly be an outcry if those at the top took rewards that are undeserved. Any bonuses ought to be concentrated on the low waged staff who have worked tirelessly to save the bank's reputation and deliver customer care. They are the true deservers of any rewards."


For further information please contact Ciaran Naidoo on 07768 931 315  

Notes to editors: 

  • 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.