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Bank in Breach of Job Security Policy
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Date: 24th Mar 2009
As part of ‘Wave’ 3 of the integration of Lloyds TSB and HBOS, 785 Senior Managers were in the selection pool for over 400 roles in the new Group. Successful candidates in Wave 3 have been appointed and 209 Senior Managers who were unsuccessful in securing a role in Wave 3 of the integration will be able to apply for roles in Wave 4.
However, a significant number of Bands 1-3 (or equivalent) from both LTSB and HBOS have been told that there are no ‘suitable alternative jobs’ for them in Wave 4 and their names will not go forward to the next stage.
Mark Brown, Assistant General Secretary, said “it seems that someone, somewhere has decided that some of the Wave 3 displaced staff, and it appears to be those with long service, are not required for the new organisation and will not be given the chance to find alternative employment in the Group. That is unacceptable”.
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