Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/629/9832

From The Socialist newspaper, 16 June 2010

Northern Rock throws workers on the dole

Northern Rock workers are stunned to hear that the bank is now planning another round of job cuts. Last week workers were hit by a redundancy bombshell of 650 job losses out of 4,500 staff. This works out to be one in seven of the workforce!

Paul Phillips, Newcastle Socialist Party

Workers leaving Northern Rock HQ after the news were saying how they felt it had been coming for a long time. And the remaining workers will still suffer - the managers are going after their own workers' pension pots by getting rid of the final salary pension scheme.

Northern Rock has been going through a restructuring process since its nationalisation in 2008. Since then we have already seen 2,000 job losses which were mainly based in Newcastle and Sunderland.

This is really only a sneak peek of what is to come. These job losses have come at a particularly bad time for the North East which is expecting massive spending cuts from the coalition government.

Unite has been quick to condemn these job losses and is quite rightly concerned that it could even be 1,000 job losses. Whether these hard words will be translated into tough action by the union we will have to see.

But Youth Fight for Jobs (YFJ) has already been on the streets campaigning to stop this job cutting madness! Now with its important support from the Unite union, YFJ is looking at ways it can coordinate with Unite to defend the jobs and working conditions of the Northern Rock workers.

All of this is being justified to make Northern Rock 'sellable' to the private sector. It is also obvious that the government is trying to make nationalisation a bad word to make it easier to hand it back to the private sector and to poison the words of the socialist and trade union movement.

The Socialist Party and Youth Fight for Jobs are demanding the permanent nationalisation of the banking sector under democratic workers' control and management - not run in the interests of profit but for working class people.

Such a banking system could offer cheap loans and mortgages for housing and small businesses.

Donate to the Socialist Party

Coronavirus crisis - Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our special coronavirus appeal.

Please donate here.

All payments are made through a secure server.

My donation

 

Your message: 

 


In The Socialist 16 June 2010:

Millionaire ministers savage public services

'Bloodbath budget' day protests and meetings


Education

Comprehensive education under attack

Opposing 'Dickensian' academy schools in Waltham Forest


National Shop Stewards Network

Come to the NSSN conference

Unison local government conference: Delegates face huge struggles

Northern Rock throws workers on the dole

Wales Unison: Socialist Party member elected

NHS Scotland - ConDemned to terminal decay

Southampton library staff strike to save jobs

Save the Big House


Socialist Party editorial

Labour leadership contest dominated by right wing


Socialist Party news and analysis

TUSC plans for future elections

BP's value plunges as oil spill worsens

Willetts approves tuition fees hike

Bloody Sunday report appears 38 years late

IDS's 'anti-poverty drive' attacks the poorest!

High speed trains and high priced fares

Why we don't back the Queen's pay claim

Fast news

Diary dates


Anti-racism

Tower Hamlets: Jobs, homes and services - not the racist EDL!


International socialist news and analysis

Greece: A test bed for 'austerity' and resistance

Spain: Millions of public sector workers strike over brutal cuts

Portugal: Mobilisation against austerity reaches new level

Socialist Party Scotland launched at packed and inspiring meeting


 

Home   |   The Socialist 16 June 2010   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Northern Rock:

triangle10 years since the financial crash - the socialist answer to capitalist crisis

triangleTories flog bank assets to hellhound US profiteers

triangleThem & Us

triangleNationalise the banks

triangleTories and Labour fail to give 'Any Answers'

Nationalisation:

triangleSwansea Socialist Party: The socialist case for nationalisation

triangleFight P&O's billionaire bosses' jobs cut plan

triangleLabour leadership contest and public ownership

triangleNo free ride for the airline bosses - nationalise Flybe now!

Jobs:

triangleThem and us

triangle3bn green pledge: not enough for climate or jobs

triangleFight for every job. Fight for socialism

Newcastle:

triangleBlack Lives Matter protests: week three

triangleNewcastle Socialist Party: Smash racism! Black lives matter

Reports and campaigns

Reports and campaigns

8/7/20

Southampton

UCU: election victory for combative rank and file

8/7/20

NSSN

Fantastic virtual NSSN conference: "Fight for our lives and livelihoods''

8/7/20

Socialist Party

The best place to start - join the Socialist Party

8/7/20

Trans rights

Trans rights protests oppose Tory backsliding

8/7/20

Black Lives Matter

Black Lives Matter - the fight is not over

8/7/20

Equal pay

Homerton hospital workers deserve equal pay and conditions

8/7/20

Jobcentre

Jobcentre reopening: only union struggle will put safety first

8/7/20

Tower Hamlets

Tower Hamlets council workers strike against wholesale attack on terms and conditions

8/7/20

Nottingham

Nottingham unions fight council job cuts

7/7/20

Bangladesh

Bangladesh: Stop closure and privatisation of Jute Mills

1/7/20

Fighting Fund

Fighting Fund: Target smashed by half time

1/7/20

PCS

Change in leadership needed to secure union's future

1/7/20

Black Lives Matter

BLM has not stopped - protesters flock to Socialists

1/7/20

Ken Douglas

Red flags line road for Ken

1/7/20

Leeds

Leeds City Council in danger of bankruptcy

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 079 8202 1969

East Mids: 077 3797 8057

London: 07748 534 891

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 077 0671 0041

ABOUT US

ARCHIVE

Alphabetical listing


July 2020

June 2020

May 2020

April 2020

March 2020

February 2020

January 2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999