UBS’ bonus claiming bankers cut migrant cleaners “Living Wage”
In March, what started out as just another workplace dispute inside one London office for Union Bank of Switzerland (UBS) had escalated into an international campaign led by migrant workers. Today Friday 23rd April at 5pm outside UBS Capital, 100 Liverpool Street (see map)
UBS last week announced their highest ever pre-tax profits since the credit crisis began of US$2.3 billion and has fought criticism last month when London-based Carsten Kengeter was revealed to be UBS’ highest paid employee on £8.3 million, receiving a £7.8m bonus. Despite these eye-watering pay packets at the top, UBS has refused to intervene when their cleaning contractor Lancaster has given their lowest paid London employees a 10.75% pay cut on a full time cleaners’ weekly wage. The “Justice for UBS Cleaners” campaign is a response to the bank attempts through its contractors to drive down the cleaners’ 2008 victory of “Living Wage” pay and conditions.
Migrant cleaners fight UBS Bank across 3 continents
What started out as just another workplace dispute inside one London office for Union Bank of Switzerland (UBS) now has escalated into an international campaign led by migrant workers spanning 3 continents to picket UBS’ offices in Zurich, New York, Buenos Aires, Kyiv and other countries.
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