‘Pingdemic’ & Staffing Level Issues Close TSB Branches
Last week the number of people in self-isolation after being pinged by the NHS Covid-19 app hit a record 619,000 people. Those who are ‘pinged’ have to self-isolate for up to 10 days, although that can be longer if the person goes on to develop symptoms. In TSB staff...
Freedom Day?
TSB was one of the slowest organisations to introduce COVID restrictions to protect staff and customers but it’s one of the first to get rid of them. In respect of face coverings, TSB has said that it’s up to customers to decide whether or not they wear them from...
It’s Up For Sale.
We didn’t think it would be long before Sabadell outlined its real intentions for TSB. The Chief Executive of TSB’s Spanish owner Sabadell has confirmed that it’s open to selling TSB if it got the right offer. At a conference in Barcelona, Cesar Gonzalez-Bueno, said:...
From Desktop To Laptop
In our recent Working from Home Survey, 66% of members said that they were working more than 7 hours a day and were more productive than they were before the pandemic. According to a recent study of 3 million employees in 21,500 companies published by Harvard Business...
What, No TSB Strategy?
At its Investor Day meeting at the end of May, Sabadell confirmed that TSB will focus on mortgages. There will be “less appetite for consumer loans” and any new lending “will focus on lower risk and lower capital consumption products”. It seems that TSB is retreating...
What About Everyone Else?
Earlier this week TSB announced changes to the pay progression for Grade B members of staff. Those new entry salaries are good news for the small number of newly appointed staff who will benefit from the changes. But what about everyone else in TSB? The overwhelming...
£40 Million In Compensation
We are about to begin the next phase of the Union’s GMP campaign and that will begin to roll out in the next few weeks. Just to recap, last November the High Court ruled that Lloyds are legally responsible for equalising the guaranteed minimum pensions (GMPs) for...
New Strategy Unveiled In May
Sabadell has confirmed that in respect of its international businesses, TSB and Mexico, “No sale process will be initiated in the near future”. However, it’s clear from recent organisational changes initiated by the new Chief Executive Officer, that Sabadell intends...
Legal Action Over Inflation Change
In previous Newsletters we reported that tens of thousands of Lloyds staff including many who now work for TSB would see their pension benefits reduce because of the changes to way pension increases would be calculated in future. Trustees of the BT, Ford and Marks and...
Letter To Mr Harry Baines: Lloyds Banking Group – Inflation Changes
Please click here to view a PDF version of the letter.
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