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Shareholders Briefing 2009
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Date: 4th Jun 2009
At today’s meeting, LTU will be demanding from the Bank’s Board an unequivocal commitment that those jobs that have been offshored to India will be returned to the UK.
Currently 5,000 administrative and IT jobs are offshored which could easily be filled by displaced Lloyds Banking Group staff or other UK workers.
Currently the UK taxpayer owns 43% of the Lloyds Banking Group and the Group has an extra responsibility to secure jobs for the UK economy and its citizens, reducing UK unemployment, and limiting the impact of compulsory redundancy for Lloyds Banking Group staff.
Question to the Bank's Board:
“Mr. Chairman it is a fact of business life that
when you bring together two large organisations
like HBOS and Lloyds TSB, and commit yourself to
synergy savings of £1.5 billion, there will inevitably
be job losses. However, what is unacceptable is
for the Lloyds Banking Group to make UK staff
redundant when 5,000 administrative and IT jobs
still exist in India. Can you give a commitment today
from the Board that all of the jobs in India will be
brought back to the UK, thus helping reduce UK
unemployment and those Lloyds Banking Group
staff who are going to be displaced over the coming
months?”
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