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Manager Latest News
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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. This meeting follows LTU's campaign of getting members to write to their MPs to get them to press the Government to give staff the full bonuses they earned in 2008.
Mark Brown, Assistant General Secretary said “the Bank is expected to announce on Friday that Lloyds TSB made a profit of £1.3 billion last year and full recognition should be given by UKFI to the fact that Lloyds TSB Staff should not be blamed for mistakes made within HBOS before both banks merged. Equally there can be no excuse whatsoever for applying retrospective penalties”.
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