Unions against Bank Mergers
To some outside observers, labor unions seem to not be directly effective in improving the working environments of their members. However, unions often do have the best intentions and work toward providing their members with benefits that are truly useful to them. In the case of the Philippines, the National Union of Bank Employees (NUBE), a coalition of sixteen bank unions, have come together to fight bank mergers and acquisitions due to the impact this has on the subsequent companies. Mergers and acquisitions lead to job losses as the companies streamline departments or simply eradicate others. Obviously, the continued threat of such mergers worries bank employees. However, they are mostly powerless to fight this trend on an individual basis. Therefore, unions provide power and bargaining strength on behalf of employees who fear the ramifications of mergers. In this case, NUBE is fighting to have greater "consultation between the bank and its employees." NUBE simply wants to increase communication between the banks' decision-makers and the unions and the employees that they represent. If effective, NUBE will have ensured a better sense of job security among its members. The link to to the source of this information is available here:
globalpolicy.org
Comments
Posted by: Sandy Piderit
Posted on: March 31, 2006 05:42 PM
Daniel,
good job fixing the HTML on the link!
if this comment goes through, then you also succeeded in fixing the typekey stuff.
-Prof. Piderit