Friday, April 27, 2007

Brazilian Union, Eyeing Sale of ABN Amro Unit, Presses Santander Over Jobs

(Bloomberg) -- Brazil's main banking union called for immediate talks with Santander Central Hispano SA to discuss job guarantees amid concern Spain's biggest bank would shed staff if it buys ABN Amro Holding NV's Sao Paulo-based lender.

``We cannot accept that fathers and mothers lose their jobs in the name of capitalism,'' said Rita Berlofa, an executive director of the Sao Paulo region banking union, which has more than 100,000 members. ``We want guarantees that won't happen.''


Read more at Bloomberg Emerging Markets News

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