{"id":3138,"date":"2015-02-26T12:44:40","date_gmt":"2015-02-26T12:44:40","guid":{"rendered":"http:\/\/unitelive.org\/?p=3138"},"modified":"2015-02-26T12:44:40","modified_gmt":"2015-02-26T12:44:40","slug":"vagueness-threatens-jobs","status":"publish","type":"post","link":"https:\/\/unitelive.test.igniteamt.com\/?p=3138","title":{"rendered":"When vagueness threatens jobs"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<p>As the taxpayer-backed Royal Bank of Scotland announced today (February 26) that it would embark on yet another \u00e2\u20ac\u015bsubstantial restructuring\u00e2\u20ac\u0165 programme, Unite is seeking an urgent meeting with the bank requesting clarification.<\/p>\n<p>&nbsp;<br \/>\nUnite fears that such a vague statement from RBS, which has already cut tens of thousands of jobs since the financial crisis, is coded language for even more job cuts.<\/p>\n<p>&nbsp;<br \/>\nUnite national officer Rob MacGregor expressed deep concern over what the restructuring will entail for low paid and administration staff within the investment banking division.<\/p>\n<p>&nbsp;<br \/>\n\u00e2\u20ac\u015bToday\u00e2\u20ac\u2122s announcement won\u00e2\u20ac\u2122t leave the wealthy traders devastated and worried about how they pay their mortgages,\u00e2\u20ac\u0165 he said.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>\u00e2\u20ac\u015bIt will be the worker in the back office earning \u00c2\u014120,000 per year who now faces uncertainty about what the future holds.<\/p>\n<p>&nbsp;<br \/>\n\u00e2\u20ac\u015bAlready over 30,000 jobs have been cut from across RBS since the bailout in 2008. We now want a proper consultation period with Unite involving serious negotiations about how the business will be restructured,\u00e2\u20ac\u0165 he added.<\/p>\n<p>&nbsp;<br \/>\nRBS\u00e2\u20ac\u2122 announcement today comes as the <a href=\"http:\/\/www.theguardian.com\/business\/2015\/feb\/26\/rbs-paid-out-421m-in-bonuses-in-2014-royal-bank-scotland\">bank reported<\/a> its seventh consecutive year of losses. Despite a reported \u00c2\u01413.5bn total loss last year, the bank still paid out \u00c2\u0141421m in bonuses for 2014.<\/p>\n<p>&nbsp;<br \/>\nRBS benefited from a \u00c2\u014145bn taxpayer-funded bailout after the 2008 financial crisis, when it lost \u00c2\u014124bn \u00e2\u20ac\u201c the biggest ever loss in UK corporate history.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the taxpayer-backed Royal Bank of Scotland announced today (February 26) that it would embark on yet another \u00e2\u20ac\u015bsubstantial restructuring\u00e2\u20ac\u0165 programme, Unite is seeking an urgent meeting with the bank requesting clarification. &nbsp; Unite fears that such a vague statement from RBS, which has already cut tens of thousands of jobs since the financial crisis, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[32,123],"wps_subtitle":"Unite demands answers to RBS\u00e2\u20ac\u2122 vague statement ","_links":{"self":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/3138"}],"collection":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3138"}],"version-history":[{"count":1,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/3138\/revisions"}],"predecessor-version":[{"id":3139,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/3138\/revisions\/3139"}],"wp:attachment":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}