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News Tag: Unite union

February 5, 2010

BA posts £50m loss in Q3

by Kay Mitchell
”BA
British Airways (BA) has today reported a £50 million loss in the three months to December 31 2009, compared with the £122 million it lost in the same period a year earlier. However, the loss was much less than analysts’ predictions for a £151 million loss. Meanwhile, the airline posted a surprise £25 million operating profit in the three-month period, against a ...




February 2, 2010

Unite in legal battle with BA

by Kay Mitchell
”Unite
The Unite union is in the High Court this week to resolve whether there should be a permanent injunction preventing British Airways (BA) from imposing cost-cutting measures. Unite previously applied for a High Court injunction to block BA’s plans, but it was unsuccessful . The airline wants 75% of its crew to accept a pay freeze this year and for 3,000 staff ...




January 27, 2010

Cadbury workers stage protest over jobs threat

by Kay Mitchell
’Cadbury
Workers at British confectioner Cadbury are to stage a protest today in Bournville, Birmingham in a bid to urge shareholders to reject the takeover offer from US food giant, Kraft. Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, made an offer of £11.7 billion last week which 186-year-old Cadbury agreed to. Following the announcement, Roger Carr, ...




January 21, 2010

Lloyds axes a further 400 positions

by Kay Mitchell
”Lloyds
The Unite union has said Lloyds Banking Group is to axe 400 jobs as it closes its network of Black Horse home loans centres. Since its merger with HBOS in September 2008, Lloyds has axed tens of thousands of jobs due to overlap within the banking giant. In a further blow to staff, Unite said that a further 185 positions in the retail ...




January 18, 2010

BA cabin crew to begin second strike ballot

by Kay Mitchell
”BA
According to the Unite union, British Airways (BA) cabin crew will begin a second strike ballot next week raising renewed fears for travellers. The announcement comes after a strike planned for Christmas was declared illegal in a High Court ruling. However, at the time of the ruling, Unite vowed to hold a fresh ballot if the dispute with BA over ...




January 13, 2010

Ferrero confirms it will not bid for Cadbury

by Kay Mitchell
”Ferrero
Italian firm Ferrero, which makes Nutella chocolate spread and Ferrero Rocher chocolates, has declared itself out of the running for Cadbury. Late last year it was reported that US-based Hershey Co in partnership with Ferrero, were considering a bid for Cadbury. Hershey is the largest chocolate maker in the US and is controlled by the charitable Hershey Trust. It makes the ...




December 16, 2009

British Airways to take legal action to prevent Christmas strike

by Kay Mitchell
”British
In a bid to prevent the 12-day strike planned by cabin crew over Christmas, British Airways (BA) is to take legal action to prevent what could cause misery for millions of passengers this festive season. The Unite union has called a walkout from December 22 to January 2 in a dispute over working conditions, jobs and pay. On ...




November 30, 2009

373 more jobs go at Lloyds

by Kay Mitchell
”373
Lloyds Banking Group has today confirmed it will axe more jobs with the closure of a contact centre in Brighton in May 2010. The bank, which is currently 43% owned by the taxpayer, said the move will affect 535 employees, of which 162 will be transferred to other roles, leaving a reduction of 373 jobs. The news comes just one week after the ...




November 16, 2009

BA cabin crew set to cast vote on strike action

by Kay Mitchell
”BA
British Airways (BA) cabin crew are set to cast their vote on whether strike action will take place. The Unite trade union is predicting that 14,000 air stewards and stewardesses will vote in favour of strike action over the Christmas period in a dispute over cost-cutting measures. The measures include a two-year pay freeze for cabin crew, reduced holidays ...




November 10, 2009

Lloyds axes a further 5,000 positions

by Kay Mitchell
”Lloyds
Lloyds Banking Group, which is 43% owned by the taxpayer, has today announced it will axe 5,000 jobs by the end of 2010, bringing its total number of job losses this year to 12,500. Since its merger with HBOS last autumn, Lloyds has axed thousands of jobs due to overlap within the megabank. However, a spokesperson for the banking giant said some ...




November 4, 2009

General Motors abandons advanced talks to sell Opel

by Kay Mitchell
”General
US car giant General Motors (GM) has abandoned plans to sell a majority stake in its European car business Opel, including its UK brand Vauxhall. GM had agreed to sell Opel and Vauxhall to Magna, a Canadian car parts supplier, to raise funds after facing collapse earlier this year. The shock decision comes after talks were at the advanced ...




August 25, 2009

RBS planning to cap final-salary pension scheme

by Kay Mitchell
”RBS
Royal Bank of Scotland (RBS) is proposing to cap increases in its final-salary pension scheme, which has been described as a “body blow“ to its 60,000 staff by the Unite union. The union said that against the backdrop of the "bumper" pension paid to former chief executive of the bank, Sir Fred Goodwin, the proposals added "insult to injury". Sir Fred ...




Lloyds brings job losses total to 7,500 this year

by Kay Mitchell
”Lloyds
Banking giant Lloyds Banking Group has today announced it is shedding a further 200 jobs, bringing its total to 7,500 this year. The bank, which is 43% state-owned, said the latest job losses will affect the bank's general insurance arm in Newport, South Wales and West Yorkshire. The latest round of job cuts will take place by the end of ...




June 24, 2009

Lloyds Banking Group and L&G announce job losses

by Kay Mitchell
”Lloyds
Yet again the financial services sector has been dealt a heavy blow with the news that Lloyds Banking Group is shedding 240 offshore banking jobs. Furthermore, Legal & General (L&G) has confirmed plans to axe 200 positions from its protection and annuities business in Hove, Cardiff and Kingswood in Surrey. Lloyds Banking Group, which is 43% state-owned, has shed thousands of ...