Lloyds union fails to get jobs commitment from board


Lloyds union fails to get jobs commitment from board

Karl Flinders

The union that represents Lloyds TSB workers has failed to win any commitment from the bank's executive board to bring jobs back to the UK from India.

The Lloyds TSB Group Union met the board today, arguing that it should bring 5,000 IT jobs that have been offshored to India back to the UK.

With Lloyds making people redundant and the government bailing the bank out, the union felt that now is a good time to lobby the board.

"We said rather than making people redundant in this country why not bring jobs back from India," said a union spokesman.

But he said the union did not get the answer it wanted. "The board said it would keep an eye on the situation and that it was looking for efficiency."

Bob McDowall, analyst at Towergroup, said the union has a point because taxpayers are a substantial minority shareholder. "When the contract comes up for appropriate review the bank should seriously consider bringing the jobs back to the UK.

"It would be outrageous and economically unjustifiable to make UK staff redundant whilst leaving overseas the jobs servicing them, their families and the communities in which they live," said Mark Brown, assistant general secretary at Lloyds TSB Group Union.

The union made its original call for the jobs to be returned in November.

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