News

Unite, the UNI Finance affiliate and the union representing staff at The Bank of England, has called on the bank to lead by example and not cut its workforce. The announcement that up to 100 jobs are to be cut will come as a shock to the loyal employees across London.
 
The job losses today will be across the central services divisions such as security, IT and human resources, and will cause much concern.  
 
Dominic Hook, Unite national officer said: “Barely a day has passed this week without an employer in the finance sector announcing cuts to its vital staff. It has been a dismal week for workers across the industry. The Bank of England should be setting an example to other banks, not behaving in the same imprudent manner that others have been.
 
“This constant insecurity across the financial services industry is extremely damaging for the staff, who continue to work under the hardest of conditions.”
 
Unite will strongly oppose any compulsory redundancies at The Bank of England.
 
 
 
ENDS
 
For further information contact Saba Edwards, Unite senior communications officer on: 07768 693 953
 
Twitter: @unitetheunion Facebook: unitetheunion1 Web: unitetheunion.org
 
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.