CWU Warns A&L Takeover Will Not Be A Walkover

As Banco Santander completes the acquisition of Alliance & Leicester, the Communication Workers Union today (Friday) emphasises the importance of job security for Alliance and Leicester staff, saying that it is “a takeover, not a walkover.”

Andy Kerr, CWU deputy general secretary, said: “The CWU will be working tirelessly to maximise job security for our members and we will strongly oppose any compulsory redundancies. This is a takeover not a walkover”

“We are gravely concerned about job losses, especially given the credit crunch and Santander’s recent acquisition of parts of Bradford and Bingley which overlap with existing A&L operations. Santander has already proposed generous bonuses for senior executives who remain with the business and we will be pushing for fair treatment for all A&L employees.”

 “Alliance and Leicester plays an integral part in local economies across the country and we will be working hard to gain assurances from the company that individual regions will not lose out as a result of this takeover.”

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