Newsletters From BTU
Appraisal Is Dead. Long Live The ‘Check-In’.
The GEC meets this week to discuss the future of the Bank’s performance management system. The exact details of the new system will be communicated to staff and line managers on the 2nd January 2019. We’ll discuss ‘check-ins’ or ‘catchups’ and ratings in our next...
Thought Machine & The Future Of Banking
Members will have seen that Lloyds Banking Group (LBG) has invested £11 million in a fintech start up called Thought Machine. Thought Machine was set up a few years by a group of Google engineers who have developed a revolutionary cloud-based core banking platform...
Bank Restructure: The Intolerable Reality
When the Judge ruled in our favour on the ‘Non-Signer’ Employment Tribunal case, he drew attention to an extract from a report given to Lloyds Bank’s GEC in 2009, just before the Bank began the process of harmonisation of contracts across Lloyds Banking Group. The...
Pensions Victory – The Making Of History
It’s a little known fact but the principle of equal pay for work of equal value, which was at the heart of our recent pension case, can be traced back to the Treaty of Versailles 1919 (Article 427), which brought World War 1 to an end. The fact that our pension case...
Spinning The Numbers
When the Bank announced another round of job losses last week it tried to manage the bad news by saying that it was creating “an additional 2,000 roles”. What it didn’t say immediately was that whilst it was creating 8,240 new digital roles it was getting rid of 6,240...
“Discomfort” The Customer
In one group of branches in Lloyds Banking Group (LBG) staff were told: “that during an interview we must “discomfort” the customer……”. The member of staff went on to say: “I’m absolutely flabbergasted to hear such words from management! And if advisers do not do...
Leaflet Sent To MPs – Key Facts About Lloyds Banking Group
We recently sent the below leaflet to MPs. Please click this text to view a PDF of the leaflet.
6,000 More Job Losses in LBG
We’ve seen it all before unfortunately. The Bank leaks the story of job losses to Sky News, creating more uncertainty for staff, seeking to the give the impression that the 6,000 staff who are being made redundant will be able to get the 8,000 jobs being created. The...
300 Advisers Going To JV
“300 or so advisers” will be transferred across to the new Joint Venture with Schroders according to George Culmer, Chief Financial Officer. Mr. Culmer let the cat out of the bag when he was responding to a question from an analyst following the publication of the...
GMP Cout Case Judgment
Please click this text to view a PDF of the judgment.
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