Barclays revealed that if the two organizations merged, it would fully respect employees’ rights and existing union agreements; avoid compulsory redundancies wherever possible, through natural turnover and voluntary redundancy; seek new opportunities for any employee whose role becomes redundant; and provide appropriate individual support, such as training and skills development.
Furthermore, the bank is also committed to maintain each Barclays and ABN Amro employee’s current redundancy terms, worldwide, for two years after the offer for the Dutch bank becomes unconditional.
Barclays will host a one-day forum for employee representatives and trade unions from both financial institutes to discuss implementation of the approach.
John Varley, group chief executive of Barclays, said: Barclays has a very constructive relationship with its current employee representatives and trade union partners founded on openness, trust and respect. We will continue to work with employee and union groups globally. Together we have the opportunity to enhance capability for customers whilst offering great careers for employees and long term job creation.
