Lloyds Banking Group (LBG) is planning to merge the management structures of its two main brands – Halifax and Lloyds Bank - as part of its next three-year strategic review. Management spans of control will increase and the newly appointed Local Directors will be expected to manage branches across both brands. This restructuring was due to be announced a few weeks ago but was pulled at the last minute. The management teams and support staff that manage the two brands currently will go through a desk top selection exercise, which many of them have been through on countless occasions before. This reorganisation of the two branch networks will result in at least hundreds redundancies from management and support staff.
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.