BCR board ‘irresponsible’, say unionists

Hundreds of staff of Erste Bank’s Romanian subsidiary took to the streets in Bucharest today (Fri) to demonstrate against the loss of certain rights in a controversial new labour contract proposal.Banca Comerciala Romana (BCR) unionists – who represent 75 per cent of the bank’s employees – accuse the financial institute’s executive board of having an “irresponsible and unjustified attitude towards social dialogue”.BCR is headed by former Barclays Bank manager Dominic Bruynseels. The institute is part of Austria’s Erste Bank, one of the most active banks in Eastern Europe (EE).BCR runs more than 600 branches in Romania. Its net profit dropped by 29.3 per cent to 117.7 million Euros year on year in the first nine months of 2010.