Unite sets out Charter for Northern Rock

20 November 2007

Unite the Union will launch a ‘Charter for Northern Rock and Future Stakeholders’ on Wednesday 21 November in Newcastle.

The six-point charter (see Notes to Editors) sets out the union’s expectations for Northern Rock management and any future stakeholder in the bank. The charter will be signed by Unite Deputy General Secretary, Graham Goddard, outside a branch of Northern Rock in Newcastle.

Graham Goddard, Unite Deputy General Secretary says: "It is vital that Unite is recognised as a stakeholder in the future of Northern Rock. Over two months of speculation about the future of Northern Rock has left employees feeling insecure about their jobs. Regardless of who owns the Bank Unite expects them to support this employee charter.

"As well as the protection of employee terms and conditions, Unite is seeking assurances about the long-term security of the Northern Rock Foundation.

"We will be looking for any future stakeholders within Northern Rock to sign up to the Unite Charter and to retain the bank as a UK listed company."