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Lloyds TSB Group Union calls for return of 4,000 offshored jobs

Lloyds TSB Group Union will use the bank's extraordinary general meeting today to encourage shareholders to support the return of 4,000 jobs to the UK to...

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Lloyds TSB Group Union will use the bank's extraordinary general meeting today to encourage shareholders to support the return of 4,000 jobs to the UK to cut the level of expected redundancies if the bank merges with HBOS.

The union, which represents 40,000 workers at Lloyds TSB, will use the meeting in Glasgow, which is in relation to the £12.2bn takeover of HBOS, to lobby for shareholders to abandon support for offshoring and bring back the jobs already completed overseas.

Lloyds TSB has already offshored about 4,000 jobs and with the integration of HBOS planned more are expected. The bank is in the process of sending another 450 IT roles to India.

Steve Tatlow, assistant general secretary at Lloyds TSB Group Union, said the bank's strategy to send jobs to India should be abandoned.

"One simple measure to help avoid compulsory redundancies would be to abandon the bank's 'Jobs to India' policy, returning to the UK the thousands of well-paid jobs that have been offshored already," he added.

The Glasgow meeting will see shareholders vote on whether to go ahead with the merger of Lloyds TSB and HBOS. For the go ahead to be given it requires 51% to support it.

Lloyds TSB's takeover of HBOS will lead to massive cuts in the technology infrastructure and IT workforce of both banks, as the bank seeks to save £1.5bn from operational costs.

IT, call centres and back office work in the retail banking division will bear the brunt of the cuts.

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