Report on Activities and Workplan 20052006

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Report on ActivitiesandWorkplan
2005-2006 UNI-Europa Finance Committee Rome,
18-20 May 2005
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UNI FINANCEthe Global Union forFinance Workers

• 2nd biggest sector after commerce in UNI
• Close to 3 million finance workers worldwide

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Work Plan 2004-2005

• Addressing the Globalisation of Employment and
  Labour Markets
• Engaging Multinationals, in EWC, SEs and
  Worldwide
• Developing a Collective Bargaining Framework
• Improving Social Dialogue
• Influencing European Policymaking

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Lead Responsibilities

• Sandy Boyle banking enlargement
• Allan Bang EU Commission, DG Internal Market
• Edgardo Iozia EWCs
• Jörg Reinbrecht insurance
• Tjeu Tijeskens collective bargaining

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Social Dialogue

• Banking
• Lifelong learning declaration of 2002
  implemented in 8 countries
• Corporate Social Responsibility Preparing for a
  joint declaration
• future topic demography
• Insurance
• Lifelong learning declaration discussion on
  contents continue

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EU Enlargement

• New joint project with European banking employers
  on Czech Republic, Hungary and Slovakia.
• Developing partnership structures between unions
  in Eastern Europe and the old EU member states

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Multinationals,EWCs SEs (1)

• Over 40 EWC in finance sectors
• New EWCs BBVA, SCH, Erste Bank
• Skandia 1st global works council
• SE discussions in Nordea and Alfred Berg
• Cooperation on cross-country takeovers
  SCH-Abbey, BBVA-BNL
• Conclusion EWC Project 2003-2004
• conference September 2004
• report published on web

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Multinationals,EWCs SEs (2)

• New project forming groups covering a handful of
  EWCs for in-depth discusions
• Developing a comprehensive strategy for
  multinationals, EWCs and SEs
• global union alliances
• union networks within EWCs/SEs
• global framework agreements
• link-up to our collective bargaining network
• multinationals as an organising platform

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Collective Bargaining (1)

• CB-network project integrated into general UNI
  Finance structure
• self-sustaining platform to exchange information
  and coordinate activities among unions, including
  annual meeting.
• Website database with most important collective
  bargaining agreements and information for
  European countries

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Collective Bargaining (2)

• Benchmarking on
• working time and overtime
• wages and bonus systems
• Collective bargaining calendar
• Enhancing cooperation by having meetings of lead
  negotiators from a few countries

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Influencing EU Politics

• Adopted strategy on lobbying
• key element a network to coordinate activities
  and bring together expertise.
• Key topicsDG Internal Market
• future EU activities on financial services
• Campaign on moneylaundering
• Future callenges
• regulation of retail markets
• highlighting impact of globalisation

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2nd UNI Finance Conference

• April 2006 in Geneva, Switzerland
• Planned topics
• Promoting work in a changing workplace
• A globalising finance industry
• Tackling multinationals
• Reaching out to new allies pension funds and
  rating agencies

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Work Plan 2005-2006

• Engaging Multinationals, in EWC, SEs and
  Worldwide
• Influencing European Policymaking
• Improving Social Dialogue
• Developing a Collective Bargaining Framework
• Addressing the Globalisation of Employment and
  Labour Markets
• ? Our 5 Longterm Strategic Challenges

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Corporate Greed
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Corporate GreedThe World Today

• job cuts to increase profitability
• meager salaray increases for workers
• record company profits
• huge wage hikes of senior management
• mega cross border mergers squeezing out medium
  and public finance institutions
• outsourcing and offshoring jobs (smart sourcing)

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Corporate GreedDeutsche Bank

• yield on capital 33
• 6,000 jobs to be lost
• 4 top managers got an increase of 1/3 of their
  salaries or of EUR 10 million in 2003
• 1 increase for the average worker in the
  company

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Corporate Greed

• The hidden hand that orders the market is not at
  all the same as the interests of producers. They
  are in it for profit and seldom gather together
  except to conspire against the public interest.
• Adam Smith

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Corporate Greed

• We have to make clear, corporate greed is not
  only
• morally wrong
• subverting social justice and society
• it is also undermining the market economy
• The real anti-marketeers are the greedy managers
  whose motto is profit before people
• We have to set against that our believe that
• PROFIT AND PEOPLE GO HAND IN HAND!

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PROFIT PEOPLE GOHAND IN HAND!