You are here: Home - Investing -

Bank staff ‘threatened with sack’ for missing targets

0
Written by:
01/11/2012
High street bank staff who missed sales targets were named and shamed, forced to work late and threatened with the sack, Unite the union has said.
Bank staff ‘threatened with sack’ for missing targets

The union, which has about 130,000 financial services workers as members, said the high-pressure sales environment – which led to payment protection insurance (PPI) mis-seling, also harmed bank workers.

The Times reports eight out of ten workers at one big retail bank were stressed because of unrealistically high sales targets.

Unite called on other banks to follow the lead of Co-operative Bank and Barclays by scrapping sales-linked bonuses for customer facing staff. It made the comments in a submission to the Financial Services Authotiy.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2221491-woman-lying-in-money
Women in the driver’s seat when it comes to financial decisions

Women are taking more interest and control over their financial decision-making than men, according to a recent report by the...

Close