Home Business NewsBusinessBanking Lloyds Bank workers ‘are struggling financially’ and are to protest outside annual meeting

Lloyds Bank workers ‘are struggling financially’ and are to protest outside annual meeting

by LLB Finance Reporter
12th May 22 9:47 am

Lloyds Bank staff are set to protested outside the annual meeting on Thursday over a dispute over pay because they “are struggling financially.”

Low paid workers who are unable to afford to heat their homes and are members of the Unite union will attend the meeting in Edinburgh.

The union are telling the bank to “pay staff, not just shareholders” and Unite are appealing to shareholders and the board of the bank to boost workers financial resources.

Caren Evans, Unite national officer said, “While Lloyds Banking Group are making obscene amounts of money year after year, we cannot accept a situation where their workers, the backbone of their business, are struggling financially.

“The workforce has told Unite that they won’t be able to sufficiently heat their homes. Some are even having to sacrifice their future retirement plans by stopping pension contributions, and with many bank employees are having to turn to debt to pay their bills.

“These staff aren’t fat cat bankers, but everyday people giving their all for a company that is failing to do the same in return.

“Gentle words and platitudes by management won’t keep Lloyds workers warm or fed.”

A Lloyds spokesman said, “We understand that the wider economic circumstances are increasingly challenging. We believe our reward package is fair and competitive, including pay, bonuses, flexible benefits, pensions, and great options for agile and flexible working.

“Overall a majority of those union members who voted, voted in favour of the pay offer this year.”

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