Newsletters From BTU
No Going Back – The New Reality
Crisis can be an opportunity for change. Our survey results show that Lloyds should embrace that change when it comes to the future of home working post Covid-19. As this crisis scythes through the economy, many organisations will be looking to save costs. In Lloyds,...
Bank Responds To Union’s Campaign
Following the union’s campaign for a recognition award for branch managers working on the frontline, Lloyds has announced today that grades D – F frontline staff will get an extra day off, either on a Friday or Monday, and will be able to get a family takeaway over...
Executives Awarded 2,152,048 Shares During Pandemic
And it gets worse for Mr. Horta-Osorio. A few days after the bank announced that grades D and E branch managers would not get the £250 recognition awards, despite the fact that they have been on the frontline since the start of the pandemic, the bank announced...
It’s not too late to do the right thing, Antonio
Antonio Horta-Osorio’s decision not to recognise grades D and E branch managers working on the front line during the coronavirus pandemic has been met with a storm of protest. The Group Chief Executive, who we assume has been working from home since the lockdown...
“It’s not the money, it’s the principle.”
That’s what a grade D member on the front-line since day 1 said yesterday. Some of the very people who deserve it the most are getting nothing. It’s not about the money for grades D and E members of staff, it’s much more important than that. It’s about recognition....
What About Grades D+, Antonio
Members will recall that in one of our previous Newsletters in early April we said that staff should get a one-off bonus to reflect the fact that by going to work every day they are putting themselves and their families at increased risk. Members will recall TSB paid...
Branch Opening Hours – Why Now?
The bank has announced that it is extending branch opening hours from 9.30 am to 3.30 pm with effect from the 8th June. Branches will remain closed at the weekend but we expect that to change in the next few weeks. When announcing the changes Jo Harris, Managing...
Working From Home – The New Normal?
As we enter the 9th week in lockdown, we are all settling into routines that a few months ago would have seemed bizarre. 45,000 Lloyds staff are now working from home but how long will that continue and would many of those, if given the choice, want to continue to...
The Future Of Pension Contributions?
As it scrambles around to cut costs, our fear is that Lloyds will try to reduce its pension deficit contributions to the defined benefit pension schemes. And the Trustee, which is made up of bank appointees and unelected Member Nominated Trustees, will agree to...
The Stark Choices
Today the Lloyds GEC will meet to discuss its future investment strategy in light of the economic consequences of COVID-19. Also, on the agenda will be the future of GSR 4, the bank’s next three-year plan, the work on which is due to start in Q4. Resource is currently...
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