Newsletters From BTU
“Have We Really Learned From The Past?”
In a recent post on Hive, one member of staff said:“There are credible reports of colleagues being pressurised for “their numbers” in the way that the old and failed sales management of the past used to do. This, despite the promise made by David Oldfield in his ‘Best...
One Policy, One Bank
We should all avoid panic – especially when one considers that some 400,000 people die every year from flu - but Lloyds Banking Group needs to put in place one policy for dealing with the potential uptake in the number of COVID-19 cases and not have a piecemeal...
GPS Awards: A Wolf In Sheep’s Clothing?
The Bank has introduced a new three step process for dealing with Group Performance Share Award disputes. It’s clear that the whole process has been designed to:Prevent staff having any real say in their pay by making it hard for staff to dispute awards.Centralise...
COVID-19 (Coronavirus): Advice For Members
We’re receiving numerous calls from members concerned about COVID-19 and its potential implications for work. Below you’ll find answers to the key questions.Remember, you can call the union’s Advice Team 24 hours a day on 01234 262868 if you have any further...
30% Reduction In Bonuses
The Group Performance Scheme (GPS) pool was reduced from £464.5 million in 2018 to £310.1 million in 2019, a 33% reduction. The main reason for the reduction was PPI claims but other significant conduct risk issues, including the Cranston Review and the ongoing sore...
More Job Cuts For Lloyds Staff
In his speech last year at SIBOS 2019 – ‘Transforming Through People’, Mr Antonio Horta-Osorio, Group Chief Executive said: “The first two strategic cycles were difficult for our colleagues. It was a period of huge change, regular restructuring and frequent...
‘On-Target’ GPS Awards
The bank’s pre-tax profits are expected to plummet when it announces its results on Thursday. At the same time, it’s expected to take a further full-year hit of £2.5 billion for the PPI mis-selling scandal. Hopefully that will be the last of the PPI provisions which...
Letter To MPs Regarding PPI Mis-selling: Is History Rhyming?
Letter To Rt Hon Mel Stride MP Regarding HBOS Reading
Please click this text to view a PDF version.
Tippin’s Law – Lowest Paid Must Wait Years For Market Rate
We calculate that only 6.5% of Lloyds Banking Group staff voted in ballots to accept the bank’s pay proposals this year but they are still being implemented on 1st April 2020.According to a survey it had conducted last year, one of the HR approved staff unions...
BTU Newsletters
To ensure you’re completely up-to-date, register to receive our newsletters by email or text message to your mobile phone (with a web link). As you would expect your email address and mobile number, like all our other membership information, are confidential to you and the Union.
To receive copies by email just let us have your details at 24hours@btuonline.co.uk and we’ll arrange it.
Older newsletters are available upon request.