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Newsletters: Business Banking
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Date: 30th Jun 2009 | Size: 96K
On the same day as the Bank has announced a further 2,113 job losses resulting from the integration of Lloyds TSB and HBOS activities - bringing the total announced over the past ten weeks to 7,500 - it has also unveiled plans for the future structure of Commercial Banking.
The reorganisation will result in the loss of 733 existing Commercial Banking jobs - mainly resulting from the closure of Customer Service Centres, scrapping of most Medium Turnover Manager (MTO) roles and substantial reductions amongst Business Development Managers.
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Date: 19th May 2009 | Size: 526K
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Date: 17th Jul 2007 | Size: 203K
Over the last week or so, evidence has begun to emerge from members that the Balanced Scorecard process is being corrupted in Commercial Banking: the clear objective being to depress pay.
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Date: 28th Jun 2007 | Size: 204K
Over the last two weeks, whilst Top Management in Commercial Banking has been guilty of spinning the facts over its management of pay (see inside), more information has emerged to show just how unfairly Commercial/Business Banking Staff have been treated.
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Date: 1st Jun 2007 | Size: 79K
Attempts by Commercial / Business Banking Management to show it has been acting in accordance with Bank-wide Pay Policy have failed dismally.
Central HR Management - which represents the Bank as a whole - has agreed with LTU that this particular dispute is between the Union and the business unit’s Top Management.
A meeting between LTU and Commercial Banking will now take place at ACAS later this month.
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Date: 17th May 2007 | Size: 89K
LTU has received an unprecedented amount of feedback from members working across Commercial and Business Banking, to our Newsletters exposing how Top Management has been operating a secret pay policy for at least three years within the business unit.
The feedback has been overwhelming and provided by staff from across the whole breath of the business unit; from those staff in the lowest grades to those working in the upper echelons. Read what members have had to say.
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Date: 4th May 2007 | Size: 208K
More evidence has emerged of the secretive way in which top management has been manipulating the application of Bank-wide Pay Policy, in order to award Commercial / Business Banking Staff lower salary increases than they are entitled to.
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Date: 26th Apr 2007 | Size: 86K
Last week, LTU issued a Newsletter publicising the fact that Commercial / Business Banking Staff have been paid less than the Bank’s official Pay Pot for the last three years. The direct consequence of this policy - which had not previously been notified to either the Union or Staff - is that Commercial Staff are now paid salaries that are on average 1.6% lower than they should be.
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Date: 18th Apr 2007 | Size: 215K
In an Interchange message, David Postings (Managing Director, Commercial) confirmed what LTU has long suspected ... that Commercial / Business Banking has not been spending its full ‘Pay Pot’ allocation on salary increases over recent years. In fact, we are told it has withheld 0.7% from salaries this year.
The intranet message lifts the lid on the pay policy that has operated surreptitiously within Commercial / Business Banking over recent years.
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