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A Passage To India For Group IT Jobs
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Date: 19th Feb 2004
The economic enticement to Lloyds TSB of a worker who earns £2.85 an hour in India compared to over 6 times that amount for an IT Developer in the UK is obvious. Such a simple act of economic exploitation is the sole motivation for the recent announcement that Lloyds TSB’s Group IT Division is to set up a Strategic Development Centre in India.
In his letter to staff, Igor Andronov, Director of Group IT, said “There will be no reduction in staffing levels in the UK as a result of this new SDC.” We strongly believe that such warm words are not going to be any comfort to those hundreds of staff in Group IT who are currently involved in the kind of development work which could quite easily be switched to the new SDC in India, whenever it suits the Bank.
Mark Brown, Assistant General Secretary, said today “ Group IT will try and play down the significance of the recent announcement. They will want staff to focus on the issue of contractors, lack of available skills and increased demand but staff should not be seduced by the Bank’s news management operation. Our fear is that the massive costs of restructuring Group IT, which will run into many millions, will be paid for by expanding the SDC operation in India and setting up new operations which could eventually lead to hundreds of IT jobs being sacrificed on the altar of profitability.”
LTU is the only Union in Lloyds TSB opposed to the transfer of jobs to India and we are campaigning up and down the country seeking the support of Lloyds TSB customers against the transfer of work abroad.
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