Newsletters From BTU
Is Greed Good?
It seems that the person with the largest basic pay increase in Lloyds this year will be Mr. Charlie Nunn. No, not the Charlie Nunn who works at the Lloyds branch in Bedale, North Yorkshire. but the tie-less hipster who works in Gresham Street. Mr Nunn’s basic salary...
4,000 Permanent IT Jobs In India
In a recent interview with ‘The Stack’, Mr Ron van Kemenade, Group Chief Operating Officer, Lloyds Banking Group (LBG), said: “Arguably Lloyds biggest issue when he joined was a lack of in-house technology talent: “Most engineering work had been outsourced,” he...
Accord’s Pay Squeeze…..Again.
Accord and Unite made much of their 2 year pay deal when it was announced back in 2023. That deal was worth 4% for grades A-E and 3.5% for grades F and G for 2024 and 2025. Accord recently said it had: “Secured pay increases for 2025 at more than twice the current...
More Redundancies
Another day, another round of redundancies in Lloyds Banking Group! 142 staff in Risk, 36 in Business and Commercial Banking, 135 in Consumer Growth and more in Transport are at risk of being made redundant over the next few months. In respect of mortgages, falling...
Sneaky Lloyds
Lloyds has announced that over 300 staff are at risk of redundancy following the announcement of major changes to its businesses under Platform 3.0. Last October we said that Lloyds was up to no good when it introduced mandatory testing for the Engineering,...
Branch Closures & Working From Home
In a previous Newsletter we said the co-serving of customers would allow Lloyds to close 233 branches at the drop of a hat. Lloyds announced yesterday that it was closing 136 branches. We expect it will announce further closures later in the year. Lloyds has said...
Fighting Like Ferrets in a Bag
Accord and Unite are fighting each other rather than holding Lloyds to account. In a message to its members, which presumably didn’t take long to send given it’s got so few, Unite accused Accord of providing all its membership data to Lloyds Banking Group in exchange...
More Redundancies – Bonuses & WFH
We are barely into the New Year and Lloyds has announced 682 redundancies with over 2,198 members of staff having to go through the stress of applying for their jobs again. Some of those members will have gone through selection exercises every year for as long as they...
66% Of Staff Reject New Forums
In a devastating blow to the credibility of Lloyds’ new engagement strategy, staff in grades D to G have rejected overwhelmingly the new employee forums. Of the 33,000 staff eligible to take part in the election, only 11,000 bothered to vote. Members told us that they...
233 Branches to Close?
The post-festive return to work in the snow, rain and wind is never easy, but for Lloyds and Halifax branch staff it’s made much worse when one reads the latest missive from Ms Jayne Opperman, CEO, Consumer Relationships. In September 2024, Lloyds announced that it...
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