Amicus-AEEU

Amicus-AEEU

May 25, 2006 09:52 ET

JOB SHOCK AT LLOYDS

LONDON, ENGLAND--(CCNMatthews - May 25, 2006) - Amicus Britain's biggest private sector union has today expressed shock and disappointment over Lloyds TSB's plans to cut 150 Human Resources jobs in the UK, mainly in Bristol, Telford, Cardiff, Mold & Andover.

The bank plans to offshore a number of jobs and potentially rationalise others. Jobs are set to disappear on a phased basis from October 2006 until July 2007. Although the bank had given indications of the potential numbers affected, the scale of the job losses is of great concern to the union.

Amicus Regional Officer Stuart Davies says,

We are shocked and disappointed by the scale of the job losses announced by Lloyds TSB. We will be working to ensure that there will be no compulsory redundancies as a result of this announcement.

The union is being consulted by the bank. LTSB have confirmed that under an agreement reached between Amicus and the bank, there will be a guarantee of an alternative job for any members of staff affected by the offshoring. Alternatively they will receive a training bond of up to GBP2,000, should staff choose the option of Voluntary Redundancy.

Currently this agreement does not cover those staff potentially being made redundant through rationalisation. Amicus believes the bank should extend the agreement to these staff affected and the union will be putting pressure on the bank to ensure this is the case.

ENDS

Contact Information

  • Amicus
    Ciaran Naidoo
    07768 931 315