Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Union opposes NBNZ sale

Union opposes NBNZ sale

"Lloyds TSB have finally come clean and admitted that they are looking for a buyer for the National Bank," said Andrew Casidy, General Secretary of the bank workers' union, Finsec. "We strongly oppose such a sale."

"The downstream effects would be job losses, significant negative impacts on customers and the loss of a strong and responsible banking culture from the New Zealand market."

"The National Bank is the one of the most profitable corporate entities in New Zealand and it has always taken a long-term approach to business. It is important to staff, customers and the country that this culture of responsibility is retained."

"The suggestion of a sale again brings the issues of a governmental enquiry into banking and the role of the Commerce Commission to the fore. We want to see steps taken to ensure that the effects of a sale and the best interests of the country and its citizens are considered in such a process.

"We have asked the bank for assurances that it will not make any staff redundant before a sale. We have also asked Lloyds to make it a condition of sale that neither they nor a purchaser would make staff redundant as a result of the sale for at least a year."

"Why should employees of some of the country's most profitable businesses have to fear for their jobs," he asked. Ends

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news