Unite reaction to RBS announcement

22 April 2008

Graham Goddard, Unite Deputy General Secretary said: "The trading announcement by RBS is a reflection of the challenging environment the financial services sector is facing. Unite has serious concerns about the potential implications for the 100,000 employees of RBS.

"The news that RBS is to review their insurance divisions, Churchill and Direct Line, will cause uncertainty for staff as to their future. Unite is disappointed that the company has chosen to tell employees of this decision through the media. The Union has demanded that the company meet with us as a matter of urgency in order to give the workforce reassurances about their long-term job security. We expect to be fully involved at all stages in looking at the future of the insurance arm of RBS."