Bid for Resolution means uncertainty for Standard Life staff

25 October 2007

Unite, Britain's biggest union, says that Standard Life and Swiss Re's takeover bid for Resolution will cause panic and uncertainty amongst staff.

Standard Life and Swiss Re today confirmed that they intend to bid for Resolution and gate crash Resolution's friendly merger with Friends Provident.

Unite is concerned that this late bid will cause uncertainty for its members at  Standard Life and Resolution who work in Scotland, the West Midlands and the South East.

Unite has written to Standard Life to formally notify the company that the union will be applying for statutory recognition at the company.

Unite Deputy General Secretary, Graham Goddard, says:

"This bid means uncertainty for our members at Standard Life and Resolution. Standard Life's recent handling of changes to its own employee's pension scheme was poor and Unite believes the company has been engaging in union busting tactics.

“Staff at Resolution benefit from Unite fighting their corner. Unfortunately, Standard Life have denied their own staff of independent representation which is so important in times of uncertainty."