|
 |
HBOS Takeover, The Government’s Rescue Package & Lloyds TSB’s ‘Jobs To India’ Policy
|
Date: 28th Oct 2008
Since Lloyds TSB’s Board first announced its plans to takeover HBOS, it has made statements representing two entirely different positions on the future of its Offshoring Strategy.
In a BBC Interview, Eric Daniels said that "we do some outsourcing today that may no longer be sensible - that we would rather give those jobs to our own employees". This seemed to imply he would be ditching the Bank's Jobs to India policy.
But despite these reassuring noises from the Lloyds TSB Board, a very different message was being given at the same time in a Circular for Shareholders.
So is the Bank planning measures to reduce the prospect of large-scale compulsory redundancies - and does this spell the end of offshoring in the Bank?
|
|
