£1,500 Slap In The Face For TSB Staff
In recognition for all their hard work in saving TSB from total collapse, staff have today been offered a measly payment of £1,500. After tax, that payment will be worth just over £1,000 to the average member of staff, which equates to £6.06 per working day since the...
The Cost Of TSB’s IT Meltdown: £259,191,231
That is how much the botched IT migration has cost TSB so far according to the latest set of financial results. TSB made a £120.5 million loss for the nine months to September. On the back of the meltdown, Sabadell, TSB’s owner, has seen its share price fall by 24%...
Press Release – Union Wins Landmark Discrimination Case
Please click here to view a PDF version of this press release.
Union Wins Landmark Legal Case
Well, we’ve done it again. In the most anticipated pension case in 30 years, the High Court has ruled today that the Lloyds Banking Group pension schemes must equalise guaranteed minimum pensions (GMPs) for men and women. The outcome of this case will have profound...
Answer The Questions Ms Lock
TSB announced recently that it was extending the heritage Lloyds TSB enhanced severance terms. The HR approved Unions claimed that such an agreement was an example of positive engagement. It was nothing of the sort. The legal position is such that the heritage Lloyds...
Letter To Ms R Lock, HR Director – Heritage Lloyds TSB Severance Terms
We recently sent the below letter to TBU members. Please click this text to view a PDF copy of the letter.
Carry On Banking
In the Q&A for staff produced when TSB announced it was setting up ‘customer hubs’ to deal with the unprecedented levels of customer complaints, the Bank said that staff in branches shouldn’t worry about leaving colleagues in the lurch because it would deal with...
Letter To Rt Hon. Nicky Morgan, Chair of the Treasury Select Committee, Regarding TSB’s Customer Rectification Programme
TBU sent the below letter to MP Nicky Morgan, Chair of the Treasury Select Committee this week. Please click this text to view a PDF copy of the letter. Please click this text to see the letter to Andrew Bailey Chief Executive Of The FCA.
Letter To Andrew Bailey, Chief Executive Of The FCA, Regarding TSB’s Customer Rectification Programme
TBU sent the below letter to Andrew Bailey, Chief Executive of the Financial Conduct Authority this week. Please click this text to view a PDF copy of the letter.
And Another One Bites The Dust
Less than a week after Josep Oliu’s, Chairman of Sabadell Bank, deeply offensive teleconference, in which he sought to blame everyone else for the most catastrophic IT meltdown in living memory, Jonathan Hall, Customer Remediation Director, is leaving TSB at the end...
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