The Global Union of Finance Workers claims to be “Gravely Concerned” about the Bank of America’s lack of consideration for workers involved in the LaSalle bank acquisition.
“An independent economic analysis of the LaSalle merger concluded that cost cutting at LaSalle, as proposed by Bank of America, could result in the loss of 10,500 jobs during the first two years following the merger.
“Bank of America’s stress on profits extends beyond its employees and customers. It is the largest private client for Wackenhut, a security company and subsidiary of Group 4 Securicor that employs thousands of security officers in Bank of America’s branches and offices in the US.
Employees throughout the United States have come forward with stories of Wackenhut retaliating against whistleblowers speaking out for the public safety, violating its workers’ basic legal rights, and interfering with its workers’ fundamental right to organize a union. US judges and arbitrators have repeatedly found that Wackenhut interferes with its workers’ right to organize,” reports UNI Finance, which represents three million workers and 237 trade unions worldwide.