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LTU Members Reject Terms & Conditions
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Date: 19th Feb 2010
Votes have now been counted in the Union’s ballot on the Bank’s proposed new terms and conditions. 99% of those members voting have rejected the Bank’s proposals.
The overwhelming rejection of the Bank’s proposal, following a clear recommendation from the Union’s General Council, should make the Bank’s Senior Executive Committee think twice about imposing these proposals on staff and it should now resume negotiations with the Union in a meaningful way.
LTU is ready and willing to reach agreement on the new terms and conditions but it will require the Bank’s Senior Executive Committee to listen to what staff are saying, act on what they have heard and read and come forward with a set of terms and conditions which reflects the kind of organisation Lloyds Banking Group wants to be.
The Bank has a choice to make. It can either seek to reach agreement with LTU on the new terms and conditions, which is what we want, or it can try and impose its will through issuing new contracts of employment. However, therein lies the risk because if staff object to the changes, which they surely will, and are prepared to defend their contractual rights then the Bank could find itself in dispute with thousands of its own staff. No right minded person wants to be in that position.
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