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Date: 11th Jan 2010
LTU has rejected the Bank’s new harmonised terms and conditions of employment and will be recommending that members do the same in our ballot which will be going out next week. More Info >>
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Date: 3rd Dec 2009
LTU has rejected the Bank’s new harmonised terms and conditions of employment. More Info >>
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Date: 23rd Nov 2009
Members will recall that in a previous Newsletter we said we had begun negotiations on a new set of terms and conditions, covering reward, employment policies, pensions and performance management, for all staff in the Lloyds Banking Group. More Info >>
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Date: 10th Nov 2009
During 2010 the Bank intends to reduce the number of sites it operates from 6 Mortgage Operations and 5 Telephony & Internet Sales sites (at some, sharing the same sites). This will directly affect 1,088 staff. More Info >>
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Date: 3rd Nov 2009
Under pressure from the European Union and UK Government to create more competition in the UK banking sector, the Bank will be forced to reduce its market share in personal accounts and mortgages through the disposal of parts of the business over the next four years in order to create a new, standalone bank. More Info >>
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Date: 19th Aug 2009
Today, in a surprising U-turn, the Bank will announce that closure of the C&G Branch Network is being reviewed. More Info >>
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Date: 30th Jun 2009
Today Lloyds Banking Group has announced a further 2,113 job losses resulting from the integration of Lloyds TSB and HBOS. More Info >>
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Date: 26th June 2009
Of the many factors staff will consider when determining whether they should accept voluntary redundancy rather than wait to be made compulsorily redundant one of the most important will be whether their Payment Protection Insurance (PPI) policies will cover the cost of their mortgage or other loan payments. More Info >>
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Date: 19th May 2009
Members should have received details of the Bank’s proposal to offer loans for those bonuses deferred following the Group’s participation in the Government’s Asset Protection Scheme. More Info >>
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Date: 11th May 2009
The 100-day milestone has been reached and staff will shortly receive an update from the Bank detailing what’s been achieved since Day 1. More Info >>
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Date: 27th Apr 2009
LTU has asked the Bank for a written guarantee that the Lloyds Banking
Group will keep open the Lloyds Bank No 1 and TSB Bank No 2 Pension Schemes to future accruals (jargon for future benefits) and preserve in their entirety the benefit structures of the two schemes. More Info >>
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Date: 20th Apr 2009
When LTU began its campaign against offshoring in 2000 we made clear that our opposition to moving jobs abroad was based on three main arguments...More Info >>
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Date: 17th Mar 2009
The Bank has written to pay recommenders regarding the bonus awards for 2008 and told them the awards they thought they were giving to their staff have, for a second time been substantially reduced. More Info >>
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Date: 10th Mar 2009
The Bank has unveiled details of its plans to introduce new so-called ‘Lifestyles’ Work Patterns across Direct Banking. More Info >>
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Date: 10th Mar 2009
Staff reaction to the announcement that the Bank's participation in the Government's Asset Protection Scheme, which has resulted in fundamental and far reaching changes to existing bonus arrangements and the withdrawal of free shares, has been one of absolute anger. More Info >>
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Date: 7th Mar 2009
Today the Bank has announced that, in order to participate in the Government’s Asset Protection Scheme, which will see billions of mainly HBOS ‘toxic’ assets being insured, it has been forced to implement fundamental and far reaching changes to existing bonus arrangements. More Info >>
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Date: 27th Feb 2009
This Wednesday, LTU met UK Financial Investments (UKFI), the body set up by the Government to oversee its stake in Lloyds and RBS. More Info >>
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Date: 25th Feb 2009
LTU met with representatives from UK Financial Investments Ltd (the body set up to look after taxpayers' investments in UK banks) today to discuss the payment of bonuses for staff in the Lloyds Banking Group. More Info >>
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Date: 25th Feb 2009
The ‘pay decision form’, which the Bank and LTU have produced jointly, will give staff the opportunity to sit down with their Line Managers to discuss their pay increases for 2009 and their target salary positions for the future. More Info >>
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Date: 16th Feb 2009
The weekend’s media frenzy surrounding the HBOS merger and the payment of bonuses is doing nothing at all to help the current very difficult environment for all the Banks and the Government’s attempts to stabilise the UK financial services sector. More Info >>
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