- European bank workers will demonstrate in front of
the headquarters of the European Central Bank in Frankfurt this
morning to call for a radical change in the sales practices of
financial service providers.
UNI Finance Global Union, German union ver.di, bank workers and
representatives of finance unions in Europe are in Frankfurt as part
of the global action week organised for bank workers to share their
stories of unscrupulous sales pressure from banks.
Under the motto "Fair Banking Advice? Fair Working Conditions?
Now!" finance workers across the globe will join the push to change
what is a global problem for bank workers.
Actions have been arranged in many countries, including France,
Iceland and Australia.
"An HSBC bank worker from Latin America reported she had to work
from her hospital bed to bring in half a million US$ in a week to
reach sales targets and save her chance of promotion," said Head of
UNI Finance Oliver Roethig. "Banks cannot continue to make profits
through these practices; it's immoral."
Bank workers in Europe and around the world have talked of the
extreme pressures they feel to meet sales goals and to push certain
types of financial products on customers who don't necessarily need
In Frankfurt, workers will present their demands with a giant
scroll for people to sign, to send the message to regulators and
Ver.di will announce its call for banks to introduce necessary
changes to their sales practices, particularly with a view to the
collective bargaining round due to start on 19 April.
Further information at:
UNI Finance is the global trade union for the finance industry.
ots Originaltext: UNI Global Union