Banks, insurers and accounting firms should be braced to pay for the retraining of millions of employees whose jobs could be displaced by artificial intelligence, UK unions will warn at the Trades Union Congress next month.
Accord, which represents banking workers, will call on financial services groups to prepare to fund a “major” programme to reskill many of their almost 2.5mn UK staff in a motion to the labour movement’s annual conference.
A report from Citigroup in June warned that half of banking jobs were at risk from automation.
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