Lloyds Banking Group has announced significant changes to its Back to Your Best performance management guidance, effective from 24 March 2025. Both Accord and Unite have serious concerns about the impact of these changes on colleagues, particularly those managing health conditions or disabilities.
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After listening to members' feedback, Accord has signed a deal with TSB on the 2025 pay offer. All pay rises that are due in April will be paid, with a commitment from the bank to revisit salary discussions if prolonged inflationary increases occur.
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Today, Lloyds Banking Group announced further restructuring across four business areas bringing the number of redundancy and branch closure programmes this year to 21.
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The TSB variable pay award payable in March 2025 has been announced today, along with the details for the pay proposals for April 2025 following negotiations with Accord and Unite. No agreement has been reached at this stage.
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Lloyds Banking Group has today announced major changes which are described as “... – a gamechanger for Lloyds Banking Group, that’s going to drive engineering excellence, deliver enhanced customer experiences and fuel our growth to become the UK's biggest Fintech.”
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Today, Lloyds Banking Group announced its third major restructuring of the year, involving one announcement impacting Community Banks. This brings the total to 15 separate announcements already made this year. This transformation strategy will see 136 branch closures as part of its ongoing efforts to adapt to changing customer behaviour and modernise services
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Today, Lloyds Banking Group announced its second major restructuring of the year, involving nine announcements. The changes include significant increases in outsourcing to third-party suppliers.
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The severe weather conditions caused by Storm Éowyn are significantly impacting areas in Northern Ireland and Scotland today, 24 January 2025. For the safety of colleagues and customers, Lloyds Banking Group has taken precautionary measures, including the closure of several sites and branches in the affected regions.
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Today, Lloyds Banking Group announced significant changes across five business areas, a major strategic change in its Community Banks operating model, and the closure of the Speke and Dunfermline sites.
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