TSB Pay & Bonuses – The Missing Money

Pay is not settled yet regardless of what TSB and Accord might think. And nor are bonuses for that matter. According to the latest report and accounts, TSB was able to recover post-migration charges from Sabis, strategic IT partner of the Sabadell Group, for its part...

TSB Branch Closures

TSB is set to announce the closure of 14 branches following the biggest IT meltdown in UK corporate history. It is also planning to reduce the opening times for many branches in an attempt to reduce costs. Lloyds Banking Group adopted a similar strategy and that...

TSB’s Triple Whammy

When is an agreement, not an agreement? When it’s an embarrassment! Accord says it’s not agreed to TSB’s 2% pay offer. TSB says that both unions “agree the principles and approach for the 2019 pay increases”. Call me naive but is that not an agreement by any other...

More Pay Misery For TSB Staff

Members should ignore those, like Accord, who are arguing that staff should take into account TSB’s ‘ability to pay’ when considering its pay offer of just 2%. That argument would be more persuasive if TSB had awarded staff cost of living increases in the good years....

The HR Vacuum

TSB’s engagement scores were so bad the Bank is refusing to publish the results at departmental level. Teams are being given little bits of information about their results but staff are being denied access to “the full detail of the survey results”. In trying to...

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