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Page last updated at 03:53 GMT, Wednesday, 8 October 2008 04:53 UK
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Union talks to save finance jobs

People walking past a bank
There are thousands of people working in the UK finance sector

The UK's largest trade union is to hold emergency talks on protecting financial services jobs amid the current crisis.

Unite, which has 180,000 members among hundreds of thousands of financial services workers, is to demand bosses rule out compulsory redundancies.

Unite's deputy general secretary, Graham Goddard, said it did not want staff "to become the victims" of the credit crunch.

The union wants a charter to be agreed to help secure jobs.

Mr Goddard said there were hundreds of thousands of staff working in financial services across the country.

"They are not the culprits of the credit crunch and we are not prepared to allow them to become the victims," he said.

"Unite's senior representatives from across the financial services are launching a campaign to fight for their jobs and their industry.

"It's time to hold employers to account. Their disgraceful behaviour and cavalier attitudes to lending and risk has brought a highly profitable industry to the brink of collapse."

Unite is also calling for tougher regulation of the banking system.

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