Unite statement on HSBC AGM
30 May 2008
Graham Goddard, Unite Deputy General Secretary said: "Unite the
union is calling on HSBC shareholders to consider the inequity of
the massive gulf between the remuneration packages proposed for
executives, and the pay of front line staff. Unite questions how
HSBC can justify the fact that the starting salary of a HSBC
employee is just above £11,000 and many of the bank's employees are
forced to survive on benefits and tax credits.
"These plans for rewarding senior management come at a time when
some of the bank's workforce are being given sub-inflation or
zero-percent pay rises. It is the hard-working employees of HSBC
who have ensured that the bank is delivering the service which
ensures that the company continues to be a profitable financial
services organisation in a fiercely competitive environment."
- Ends -
For more information please contact Saba Mozakka, Unite Press
Office on: 020 7420 8916 or 07768 693 953
