According to the services' union, Ver.di, the call recently launched by the European trade union federation UNI Europa Finance, inviting financial groups to call their EWCs in for an extraordinary meeting, has not been heard in Germany yet (see our dispatch No. 080736). At the same time, the union said that rescue plans for banks on the verge of going bankrupt, such as Hypo Real Estate, with no repayment clauses, are "intolerable". (Ref. 080758)
On October 1, the union federation UNI Europa Finance asked its representatives in the 51 EWCs in the finance sector to call for an extraordinary meeting to talk about the impact of the financial crisis and reassure banks’ employees. Dexia and Fortis anticipated the call. According to Jörg Reinbrecht, in charge of the follow-up of EWCs at Ver.di, this call has not yet been heard in Germany. Indeed, apart from the Hypo Real Estate bank in Munich, which doesn’t have a EWC, no other banking firm i
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