Unite Reaction to Speculation on Northern Rock Management Payoff

LONDON, March 30/PRNewswire/ -- Graham Goddard, Unite Deputy General Secretary said: "Those who
contributed to the failure of Northern Rock must be held to account. Unite
cannot accept that anyone whose actions contributed to the problems in the
bank is able to walk away without any questions being asked of their conduct
or any form of reward.

"The failures which resulted in the crisis in Northern Rock mean that
some 2,000 jobs will be lost at the bank. Unite wants to see a full
investigation into the events which lead to the troubles of the Newcastle
based bank. An enquiry must take a broad perspective of all those involved,
including the previous management of the company. The hard working staff at
Northern Rock deserve to know what went wrong and that lessons will be
learnt."

Source: Unite the Union

For more information contact: Saba Mozakka, Unite Press Office: +44(0)7768-693-953

2008-03-30 07:22:21 0322572 PRNEWSWIRE