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Newsletters: All Members
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Date: 6th Feb 2007 | Size: 76K
Group Operations Senior Management has announced further major staff reductions during 2007 as it presses ahead to achieve cost savings of £121 million a year by 2010. Over 1,250 Group Operations staff are expected to be directly affected be staff cutting measures during this year, with overall staff numbers being slashed by over 750.
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Date: 6th Feb 2007 | Size: 77K
Senior Management has announced plans to close its Peterborough Service Centre at Thorpe Wood. The operation is to close progressively between July and December 2007, with the loss of all 245 jobs. With very few alternative roles within the Peterborough area, almost all staff will be made compulsorily redundant.
On the same day Group Operations made this announcement, it also admitted it is also planning to offshore a further 400 roles to India during 2007.
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Date: 30th Jan 2007 | Size: 0K
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Date: 30th Jan 2007 | Size: 0K
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Date: 5th Jan 2007 | Size: 105K
The pay pot of 3.8% is not only a lower figure than last year when inflation was 1.8%, but with the increase in the cost of living expected to be about 4% by March 2007 - the relevant benchmark for April pay awards - it means most staff will see a cut in their standard of living.
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Date: 13th Dec 2006 | Size: 82K
The Bank will today announce details of the targets and bonus arrangements for staff in the Network for 2007. The Bank has told LTU that it is looking to sell 5 million products next year and that this translates overall to an increase in sales of 28%. The Bank’s proposals involve significant hikes in targets for all staff.
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Date: 20th Nov 2006 | Size: 57K
Apart from a limited number of matters that remain under discussion, the Bank has so far refused to introduce any of the measures LTU have proposed. The Bank has failed to understand that if it wants staff to be engaged they have to feel valued and know that their financial future is secured.
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Date: 16th Nov 2006 | Size: 59K
Earlier this year LTU's survey of mangers in London identified that London Allowance was insufficient to recruit and retain staff of the right calibre and the level of remuneration in London was holding back customer service. Given that no progress has yet been made the Union will shortly begin surveying customers in London on their experience of dealing with branches.
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Date: 9th Nov 2006 | Size: 60K
The Bank has announced plans to introduce a new staffing and role structure in branches that will involve standardising the activity and role of all staff in the network regardless of branch size, increasing the number of Band 7’s all of whom will be accredited Account Openers and have personal sales targets and reintroducing the role of Customer Service Manager (CSM) to provide a dedicated focus on managing teams to deliver customer service and sales.
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