High street lender introducing ‘people forums’ to discuss issues including job cuts, pay and policies
Lloyds Banking Group will stop recognising the trade union membership of its highest-paid employees, replacing union negotiations with “people forums” to discuss issues ranging from job cuts and pay to health and safety. In a memo sent to all staff last month, Lloyds, which has about 60,000 employees, said it had “reached a new agreement” with trade unions Unite and Accord.
“We’ve agreed new arrangements with Accord and Unite, following industry best practice, that will mean fairer representation across all colleagues, including for those who are not union members,” the bank said, adding the changes would help it to “continue to be an enjoyable, highly productive and rewarding place to work”.
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