Unite defends low paid workers' right to Lloyds' bonus and urges
government to utilise increased stake in bank
9th March 2009
Rob MacGregor, Unite national officer, said: “Unite will stand
firm in defence of staff at the Lloyds Banking Group who have
earned their small annual bonus payment. These workers are earning
salaries as low as £12,000 per year and depend on the bonus
payments to survive. It is inappropriate for front-line staff to be
compared to executives or city traders who have ridden the wave of
finance growth and made huge pots of money.
“It is essential that the government now ensures that the
taxpayers' economic stake is used in a socially responsible manner.
It would be deplorable for the taxpayer-backed Asset Protection
Scheme to insure the banks' riskiest assets while getting no real
say in how the company is managed in the future. The taxpayers'
demands have to be heard at the top table and not simply become a
silent injection of money.
“The financial support to the UK’s banking sector must be tied
to clear commitments to secure jobs and making the industry more
transparent and accountable. There can not be a business as usual
scenario inside Lloyds Banking Group.”
ENDS
For more information contact: Saba Mozakka, Unite the union on:
07768 693 953 or 020 7420 8916.
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