Newsletters From BTU
Redundancies By Stealth – Update
Lloyds has now confirmed that staff will get their full redundancy terms following our Newsletter last week reporting that it had opened voluntary severance registers in several Divisions with staff given a leaving date of Q1 2027. As members will be aware from...
Redundancies By Stealth
Lloyds has opened voluntary severance registers in several Divisions with staff given until 28th October to declare an interest with a leaving date of Q1 2027. Last week Barclays announced it was cutting 5,000 jobs as part of wider cost saving plans driven by AI....
Accelerating Jobs To India
Lloyds Banking Group is going to cut another £2bn of costs as part of a four-plan which will the see a major investment in AI technology and the scaling up of the Lloyds Technology Centre in India. The Lloyds Technology Centre celebrated reaching 5,000 permanent...
Show Us The Calculations
Given what we know about the performance of Willis Towers Watson (WTW), who administer the Lloyds defined benefit pension schemes, would you trust it to calculate your early retirement pension and commutation lump sum correctly? We’ve been contacted by members whose...
Performance Plans – Above The Law?
Given the abuses of the performance management policy that we now encounter daily it is hard not to conclude that the people running Lloyds’ systems believe they can operate in defiance of UK law. Amongst the abuses we have seen are: Refusals to hear grievances about...
Letter To MPs – 4500 IT Jobs In India
Performance Plans – What’s Going On?
I said in an earlier newsletter on performance that it’s hard to argue with the concept of an employer wanting a fair day’s work for a fair day’s pay. Indeed, if that was all that was driving Lloyds’ current performance case offensive you would not be reading this...
Letter To Mr. Harry Baines – WTW – Overpayments
Letter To Dame Linda Dobbs DBE – HBOS Reading – The Dobbs Review
79 More Branches Closed
Lloyds has announced another round of branch closures. 79 Lloyds and Halifax branches will close starting from September 2026. That’s in addition to all the announcements that have been since the beginning of the year. We said in a previous Newsletter that the demise...
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