Lloyds faces staff backlash over flexible working review

UK’s Lloyd’s Bank is facing a revolt from staff over a perceived ‘attack’ on flexible working.

The bank has launched a review of its working conditions, including a pilot trial which could result in changes to compressed hours arrangements that enable staff who are balancing work with care for dependents.

At the bank’s annual general meeting in Glasgow, representatives from employee union Unite informed Lloyds that thousands of staff had signed a collective grievance opposing the pilot scheme.

Delegates from the union told the event that the pilot was a "direct attack on working parents and carers" and that it would cost staff several thousands of pounds to meet commitments. It added that thousands of workers could be affected and branded the scheme as a “backwards step”.

A number of staff and union members were seen protesting against the pilot scheme outside of the Glasgow venue.

Elsewhere, another employee union Accord has challenged Lloyds’ expectation that staff work from the office at least two days a week. Other banks, such as JPMorgan, have publicly pushed for staff to return to offices.

Speaking at the event, chairman Robin Budenberg said that Lloyds wanted to ensure flexible working was fair for everyone and said that "no decisions have been taken.”

A spokesperson for Lloyds added that the company is "a strong advocate of flexible working" and remains committed to providing a ‘supportive and rewarding’ place to work.

    Share Story:

Recent Stories


Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.

Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.

Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.

This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.