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Newsletters: C&G
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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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Date: 7th Aug 2007 | Size: 83K
Top Management is to announce on Wednesday the first wave of C&G Branch closures, which could eventually lead to the complete dismantling of the C&G Branch Network.
For the C&G Branch Network, the key features of Wednesday’s announcement will be:
● 31 C&G Branches - around 15% of the total - will be closing in November 2007.
● The biggest job reductions will be amongst the Group Manager and Branch Manager populations - and not just at the branches to close. As LTU had predicted earlier Newsletters, many face the prospect of redundancy.
● Most other C&G Branch Staff affected by the first wave of closures will be expected to either relocate into other C&G Branches or else, we expect, transfer into local Lloyds TSB branches.
LTU has also been told by sources in Senior Management that the decision to announce job reductions in Barnwood - which was originally planned for this week has been delayed.
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Date: 3rd Aug 2007 | Size: 99K
Many C&G Staff will share LTU’s astonishment that Amicus Unite and the Staff Association have dropped their ‘campaign’ to achieve fair pay for C&G Staff.
Like us they will ask why the gap between C&G and Lloyds TSB salaries should be permitted to grow even wider, after the average pay increase for C&G Staff this year was just 3.0% ... compared to 3.8% for other Lloyds TSB Staff?
This followed last year’s experience, where C&G staff received 0.5% lower pay increases than Lloyds TSB Staff.
The fact that Top Management is getting away with treating C&G Staff as the ‘poor relations’ within the Lloyds TSB Group is obvious.
In fact, our analysis inside this Newsletter shows that the difference in Pay between C&G and Lloyds TSB Staff in equivalent grades is anything up to £3,770 or 15%.
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