Mar 20, 2023 | All Members
The job security appeal for a member of staff who’s refused the bank’s offer of a ‘reasonable alternative’ role is being heard by the same local HR management that is trying to force him into the role in the first place. When it launched the new redundancy policy, the...
Feb 28, 2023 | All Members
In a previous Newsletter, we reported that Lloyds had got rid of its Fire Marshals with effect from 1st January 2023 following an agreement with its in-house staff unions – Accord and Unite. According to the new policy, it would be everyone for themselves when it...
Feb 24, 2023 | All Members, Halifax
The one question which members are asking about the new redundancy policy is: why now? What is Lloyds planning to do in the future that makes it want to reduce redundancy payments for heritage Lloyds and HBOS staff? History tells us that Lloyds is up to no good. Is...
Feb 20, 2023 | Advice, All Members
“We recognise that ensuring a fair environment for employees can be a good indicator of a firm’s culture, which we see as important for how it is treating its customers as well.” They’re the words of the FCA in a recent letter to the union. It’s a crystal-clear...
Feb 9, 2023 | All Members, Halifax
Lloyds has introduced a new policy which allows it to reduce redundancy payments by 50% if members of staff refuse to accept a ‘reasonable alternative role or reskilling opportunity’. The so called ‘reasonable role alternative’ test is going to be key for the vast...
Feb 7, 2023 | All Members, Executive Pay, Pensions
Members will recall that in one of our previous Newsletters we discussed in detail the bank’s new retail strategy. Whilst the new value treatment strategies are all very interesting, our concern is about how the rush for growth is going to change the culture of the...
