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McLaughlin accuses Ulster Bank of Bullying Tactics

16 November, 2009

Sinn Féin Economy Spokesperson Mitchel McLaughlin MLA (South Antrim) has accused Ulster Bank of using bullying tactics to force staff to sign employment contracts.

Mitchel McLaughlin said:

“I have been contacted by Ulster Bank employees concerned about the tactics being used in an attempt to force staff to sign new contracts that would reduce their entitlements and could eventually lead to forced redundancies.

“Such is the sense of fear among the Bank staff that employees have made their views anonymously in fear that individual jobs could be at risk if the persons were to be identified. The parent bank RBS has offered alternative compensation to its employees for the loss of their profit share package. Even though regarded as a contractual payment Ulster Bank failed to extend this compensation to its staff.

“After seven months refusal to make this payment Ulster Bank then announced that it would back date it but only on condition that staff were willing to sign new contracts of employment by November 13th with significant deterioration in Terms & Conditions.

“This attempt to bully staff into accepting less favorable terms and conditions of employment is not directed at the senior management and their multi-million pound bonuses but to the most vulnerable employees who deliver a service to the general public. These staff are on salaries starting at £11,250 a year. They didn’t create the crisis in which we find ourselves.

“I call on Ulster Bank to desist from using the present economic crisis to bully its lower paid staff while once more resuscitating the culture of excessive bonuses for those who created the crisis in the first place.

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