Afternoon:
10°c
Workers protest to save jobs
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Finance workers will stage a protest in Westminster to demand that the Government's banking bail out protects jobs and communities, not executive bonuses.
Unite backed the demonstration by publishing its ideas on how the finance sector should be reformed, including the protection of workers' pay and conditions, slashing executive pay and overhauling regulation.
Joint leader Derek Simpson said finance workers were facing insecurity, adding: "Unite is calling for the protection of jobs, pensions, the end to the short-term remuneration policies and an overhaul of the regulatory structures in the financial services sector.
"There must be a recognition of the importance of employment in the financial services sector, as many communities now depend on the sector since being decimated by the collapse of the manufacturing industry.
"Workers in the financial services industry are not the culprits of the credit crunch and we are not prepared to allow them to become the victims.
"The taxpayer must now get firm assurances that the financial lifeline extended to these large organisations will be used to protect jobs and the public.
"It is not acceptable for the Government to socialise the risk without allowing the wider society to capitalise on the rewards in the finance industry."
The workers will wear t-shirts bearing the slogan: Stop Bankers Greed.
