Lloyds TSB praised for handling of staff transfer

Union officials have praised the way Lloyds TSB has handled staff issues during a £170m outsourcing agreement with Fujitsu Services, calling the deal “the best so far” in any of the bank’s contracts.

About 300 IT staff at Lloyds TSB are set to complete their transfer to the IT services firm to next week. 

Amicus Unifi admitted that the deal for staff is still not perfect but said it was the best TUPE transfer it had seen at Lloyds TSB.

The transferred IT staff have now been given access to Fujitsu’s final salary pension scheme and compensation of up to £9,000 for losing Lloyds TSB’s employee Sharesave scheme.

Bernadette Fisher, national officer at Amicus Unifi, told the staff in a newsletter: “Access to the defined benefits scheme and the possibility of transferring in existing pensions is well in excess of even the recently strengthened TUPE legislation and still rare.”

Comments are closed.