Newsletters From BTU
Confirm It In Writing!
“My manager said I could try the new job and if I wasn’t happy with it I could go back to my old role. Now they’re saying that this assurance was never given and that my transfer is permanent.”. I’m sure you won’t be surprised to hear that routinely we receive calls...
Fighting For Justice
Most of us don’t think we’ll ever be subject to disciplinary action at work. In fact, one of the things we hear most often from members is: “I just didn’t think it would happen to me”. And the more senior the people affected are, the bigger the shock! Those very words...
Lloyds Pension Fund ‘Fire Sale’
The Times and Financial Times have reported that the Trustee responsible for managing Lloyds Banking Group Pension Schemes with assets worth £50 billion was forced into a fire sale of equities and faced collateral calls of billions of pounds at the height of the gilts...
“Strain Every Last Sinew”
Those Lloyds Banking Group staff who receive Universal Credit never got the full amount of the last cost of living payment in October because of the way the benefit works. If nothing changes, those same staff won’t get the full benefit of the cost of living payment in...
Pension Cap Review – Show Us The Evidence
In a previous Newsletter we called on Charlie Nunn, Group Chief Executive, to undertake an immediate review of the pension cap now that inflation was spiralling out of control. The Retail Price Index (RPI) hit 14.2% in the year to October. It’s at its highest level...
Sickness Problems For Lloyds?
Significant numbers of members have contacted us to say that some managers have been told to start to apply considerable pressure when people report sickness absence. We’ve seen numerous cases of: 1.Members being told to contact more senior managers directly if they...
Smoke and Mirrors
Members are not being fooled by the bank’s headline pay figures and the deeper they dig into the figures the more they realise they are being taken for fools. The bank is rushing through the deal in the hope that by the time staff realise they have been hoodwinked...
It’s Still A Massive Pay Squeeze For All Lloyds Staff
Members shouldn’t be fooled by the headline figures. It’s still a massive pay squeeze. The bank says for grades A-D staff: “Adding these together (£2000 minimum increase and £500 cash payment) this represents a cash value typically in the range of 8 to 13%”. The...
Another Reorganisation
We are knee deep in the worst cost of living crisis in a generation and Lloyds has seen fit to announce another reorganisation and a further round of redundancies. That at a time when the Lloyds is set to announce a massive increase in profits on the back of rising...
More Help For Lloyds Staff Needed Now
Lloyds should use some of its increased profits from higher interest rates to give all staff in grades A-G an additional cost of living payment of £2000 before Christmas. Pay and the cost of living crisis is the number one detractor when it comes to Lloyds Banking...
BTU Newsletters
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