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Newsletters: C&G
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Date: 15th Apr 2008 | Size: 52K
LTU has been approached by a number of members at Scunthorpe Mortgage Unit who are concerned that their Balanced Scorecard objectives have obliged them to routinely work unpaid overtime each week.
The Balanced Scorecard requirement is that staff must be logged on to their computers a clear five minutes before they are paid to start working.
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Date: 6th Mar 2008 | Size: 72K
Last Friday - just two months after SMS Staff were forced to transfer employers from C&G to Central Trust - the new company has begun consultation on closing the operation and making staff redundant.
This appears to be the final stage of a wholly unacceptable farce, where SMS Staff have been messed around and treated with disregard ever since they were first told that C&G no longer wanted them. C&G must take complete responsibility for this state of affairs
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Date: 17th Dec 2007 | Size: 48K
Over recent months LTU has been in intensive negotiations with C&G Management concerning the Transfer Terms upon which Specialist Mortgage Solutions Staff are being forced to transfer to a new company, Central Trust.
In our last Newsletter, LTU pointed out that only during two previous TUPE Transfers - both affecting C&G Staff (in negotiations in which LTU wasn’t involved) - had worse compensation been offered to staff. And at our last meeting, the Union had been told that an increase in compensation from £100 to £285 had been the Management Teams’ ‘final offer’.
But today - in a major breakthrough in negotiations with C&G Management - LTU has reached agreement on substantially improved compensation for staff.
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Date: 5th Dec 2007 | Size: 72K
LTU has condemned the Transfer Terms by which Management are currently planning to force Specialist Mortgage Solutions (SMS) staff to transfer to Central Trust as being the worst ever inflicted upon Lloyds TSB Staff.
It will be no comfort to SMS Staff that in response to this accusation made by LTU at our last meeting with Management, C&G Management insisted that whilst these may be the worse terms ever affecting Lloyds TSB Staff, two previous TUPE Transfers affecting C&G Staff have been on even worse terms.
Without substantial improvements to the Transfer Terms that the two companies have so far proposed, SMS Staff would - following the transfer on 31st December - find themselves substantially worse off financially for doing the same roles.
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Date: 9th Nov 2007 | Size: 88K
Senior Management has announced plans to outsource its C&G Specialist Mortgage Solutions operation to a new company, Central Trust.
As a consequence, all staff working for Specialist Mortgage Solutions (SMS) will have their contracts of employment automatically transferred to Central Trust, under the provisions of what is known as TUPE legislation.
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Date: 23rd Aug 2007 | Size: 78K
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Date: 23rd Aug 2007 | Size: 46K
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Date: 23rd Aug 2007 | Size: 85K
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Date: 7th Aug 2007 | Size: 49K
We are pleased to report that following intense negotiations over the last few months, LTU and Top Management have agreed to revised severance and retirement terms for those staff leaving through redundancy until 2010.
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