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Lloyds TSB Announces 1,000 More Jobs To India
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Date: 11th Nov 2004
LTU has condemned the latest announcement by the Bank to transfer a further 1,000 jobs to India by the end of 2005; increasing the total jobs there to 2,500.
The loss of an extra 1,000 jobs is in itself obviously a major concern. But this is certainly not the limit of Lloyds TSB’s plans. Much of the work so far being transferred is in the form of ‘Pilot Exercises’. By definition, ’Pilots’ are typically a mere fraction of the eventual scale of a programme. That is why we believe that these latest announcements lay the groundwork for many thousands more jobs to follow.
We believe the Bank could eventually plan to transfer 10,000 jobs to India.
This latest announcement comes the same month as the Bank finally closes its Newcastle Contact Centre with the loss of 960 jobs. Despite reassurances from the Bank – and particular reference to an ‘Offshoring Agreement’ with Unifi (which represents under 3,500 staff) – just 18% of staff have been redeployed, and the Bank has been able to so far get rid of around 40% of staff ‘on the cheap’ without even giving them Redundancy Pay.
That is why LTU has rejected the Bank-Unifi ‘Offshoring Agreement’ as meaningless. If anything, it gives the Bank the ‘green light’ to export even more jobs abroad.
Whilst LTU is campaigning vigorously in opposition to Lloyds TSB’s ‘Jobs To India’ strategy, in its Press Release Unifi merely “expressed regret at the announcement” whilst confirming it was happy that it had been “fully consulted over Lloyds TSB’s plans”.
The Union has now collected the signatures of almost 400,000 customers for our petition opposing the transfer of work to India.
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