Belgium: the 25.000 employees of Fortis fear for their job after shareholders rejected the recovery plan

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13 February 2009 à 07h49

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2 minutes

Publication: 13 February 2009 à 07h49

Reading time: 2 minutes

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Publication

13 February 2009 à 07h49

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2 minutes

Publication: 13 February 2009 à 07h49

Reading time: 2 minutes

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ejected the group’s rescue plan, the staff representatives demanded an extraordinary works council meeting on February 12. The goal was to meet with the Belgian bank’s management and to make sure that Fortis’ small shareholders’ ‘no’ will not have detrimental consequences for the 25.000 employees of the company. Unions are worried even though the management made promises. (Ref. 090159)

“We were told that
Fortis doesn’t want to lay people off” said Jean-Michel Cappoen, general
secretary of...

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