ABN Amro workers petition Bos

6th June 2007, Comments 0 comments

6 June 2007, THE HAGUE – The CNV Services union and the works council of ABN Amro submitted petitions to Finance Minister Wouter Bos on Wednesday. They think that the interests of the bank's workers are not the focus of enough attention in the takeover battle surrounding ABN Amro.

6 June 2007

THE HAGUE – The CNV Services union and the works council of ABN Amro submitted petitions to Finance Minister Wouter Bos on Wednesday. They think that the interests of the bank's workers are not the focus of enough attention in the takeover battle surrounding ABN Amro.

The petition from the works council has been signed by 13,000 bank employees. The CNV petition is supported by 2,000. Bos stressed that he has few legal possibilities to champion the interests of the workers. He is however holding informal talks with the banks vying for ABN Amro and employment continues to be an important topic in those talks.

After presenting Bos with the petitions, a small delegation talked with the minister behind closed doors. Bos promised the CNV Services union that he would talk with the trade unions before any final decisions are taken.

As Minister of Finance Bos will have to issue a certificate of no objection for any takeover. British bank Barclays and a consortium of Fortis, Royal Bank of Scotland and Santander are currently in the race to take over the Dutch bank.

While stressing that his role in standing up for the workers' rights was necessarily limited, the Labour PvdA minister did make it clear that he would be positively disposed towards changes to legislation aimed at better safeguarding the interests of employees during takeovers. "The works council's right to advise is not sufficiently effective now," Bos said. He also pointed out that the ground rules could not, however, be changed "mid game."

[Copyright Expatica News + ANP 2007]

Subject: Dutch news

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