'Banker bashing' and job cuts hurt financial workers

Banker bashing and the threat of job cuts is taking its toll on financial workers, with unions citing deteriorating health as a major problem for their members, according to a new study.
Thu, 17 Oct 2013
“Banker bashing and the threat of job cuts is taking its toll on financial workers with unions citing deteriorating health as a major problem for their members, according to a new study.

UNI Global Union’s global research found 80% of banking and insurance unions thought health had become a major problem for their members over the past two years, with many of their workers operating in a "climate of fear". Part of the problem is that the public blames bankers for the crisis and the impact it has had.

In addition, 40% of financial services employees say their leaders have put them under “a lot of stress” in the past 6 months, compared to UK average of 22%, a survey by Head Heart + Brain published today.

However, Thomas Alcorn, risk consultant at recruitment consultancy cer Financial, tells recruiter.co.uk that candidates do not tend to discuss stress levels: “Candidates will know the organisation and what they expect, and whether they expect long hours.”

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