Lloyds must ensure staff contribution recognised as pr...

Lloyds must ensure staff contribution recognised as profits increase

29 October 2013

As Lloyds Banking Group announces an increase in profits, Unite the union, which represents staff at the bank, is calling on the bank to reflect on the contribution of staff.

The union is calling on the board of the bank to ensure that the contribution made by the workforce is rewarded, and not just that of the chief executive.

As Lloyds Banking Group is forced to set aside an additional £750m to compensate customers mis-sold payment protection insurance (PPI), Unite is hoping that lessons have been learnt about unreasonable targets imposed on the workforce.
Unite national officer Dominic Hook said: "For too many years now the staff at Lloyds Banking Group have had no job security or stability. Barely a month has passed without some form of restructuring and redundancies at the bank.

“The results today represent the hard work of Lloyds staff across call centres, bank branches and processing centres. Management must now step back from the relentless attacks on staff and their terms and conditions. This pressure does nothing to motivate the workforce working day in day out to return the bank to profitability.

“It defies logic that staff bear the brunt of the hard times but none of the reward as prospects improve.”
Saba Edwards, Unite press office: 07768 693 953
Notes to editors:
Unite is Britain and Ireland’s largest trade union with 1.4 million members working across all sectors of the economy. The general secretary is Len McCluskey.