Unite reaction to news of RBS share sale
- Tuesday 5 June 2018
Unite the union is the recognised trade union for staff within Royal Bank of Scotland.
Rob MacGregor, Unite national officer said: “The government is attempting to wash its hands with Royal Bank of Scotland at the expense of the taxpayer. This bargain basement sale of over seven per cent of the bank’s shares is a betrayal of public finances and represents a total loss of over £3 billion for taxpayers since the original bail-out in 2008. Staff are clear that the government should be focusing its attentions on keeping RBS bank branches open and improving the corporate governance of this institution.
“The catalogue of failures across the bank ranging from thousands of staff cuts, closing hundreds of bank branches and also the sale of financial products which resulted in the $4.9 billion US fine demonstrates the systematic failures by the management to effectively run this organisation. Staff across the business are continuing to pay for the mistakes at the top whilst the government merely looks the other way.”
For further information contact Saba Edwards; 07768 693 953.
Notes to editors
Unite is Britain and Ireland’s largest trade union with over 1.4 million members working across all sectors of the economy. The general secretary is Len McCluskey.