97/04 14 June 2004
LLOYDS TSB AND UNIFI SIGN OFFSHORING JOB SECURITY AGREEMENT
Lloyds TSB and finance union, Unifi, have signed their new agreement designed to ensure that all employees are given maximum support and practical help where their jobs are affected by offshoring.
The agreement guarantees an alternative job offer within the Lloyds TSB Group to staff affected by offshoring who wish to remain within the Group. It applies in all circumstances where work undertaken by UK staff is transferred overseas and is supported by further commitments on consultation, training and upskilling.
Frans Hijkoop, Group Human Resources Director, Lloyds TSB, said: “We are pleased that our productive dialogue with Unifi has led to this constructive outcome. Both we and Unifi are committed to ensuring that any of our staff affected by offshoring are given opportunities and access to practical support and training.”
The key elements of today’s agreement are:
· A job offer for anyone affected by offshoring who wishes to remain with the Lloyds TSB Group.
· A commitment to identify opportunities for upskilling, using the time prior to jobs moving offshore to build individuals’ skills.
· A £2,000 training bond for staff who leave on redundancy as a result of their job transferring offshore.
· Early consultation with Unifi.
· A commitment to discuss the effects of offshoring with local community representatives and authorities if any offshoring plans could have a major impact on a geographical area.
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Notes to Editors:
· Job security: where the job of a member of staff is affected as a direct consequence of a decision, or in anticipation of a decision, to transfer work to an offshore location, the Group will, taking into account the personal circumstances of the individual, offer a job to anyone who wishes to remain in the employment of the Group.
· Training Bond: the Group will provide a training bond of up to £2,000 to any member of staff who leaves the employment of the Group on redundancy, as a consequence of their job transferring offshore. The objective is to enable individuals to develop a career elsewhere. Costs will be reimbursed against receipts.
· Lloyds TSB plans to have 1,500 roles offshore by the end of 2004.
For more information:
Mary Walsh
Lloyds TSB Press Office
Tel: 020 7356 2121
E:
www.mediacentre.lloydstsb.com