Lloyds Banking Group staff are represented by an independent trade union committed to protecting their interests and their interests alone. LTU is not affiliated to the TUC or any political party and we are free to determine and pursue the best policies for Lloyds Banking Group staff.

LTU represents members in Lloyds, Scottish Widows, Halifax, BOS and the other companies within the Lloyds Banking Group.


IBM Refuse To Guarantee Severance Terms?

23 Jun 2017

One of the biggest concerns LTU has over the outsourcing/offshoring of 500 permanent jobs to IBM is about what’s going to happen to the severance terms before staff start being made redundant from next year.

Under the current proposals agreed with Accord, staff could be made redundant in as little as 13 months after transferring to IBM - with their jobs being transferred and consolidated in other UK sites and then offshored to India - on worse severance terms to those provided by the Bank. Post the transfer, IBM could try and dismantle the current severance terms by engaging in a series of sham negotiations with the aim of seeking to replace contractual rights in respect of severance terms with an entitlement to the Statutory Redundancy terms only.

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