Workers union asks for end to IT offshoring

12:56 23rd September 2008

The union representing Lloyds TSB workers is demanding the termination of the bank's offshoring arrangements to India, following its takeover of HBOS.

The Lloyds TSB Union (LTU) has said that the bank should freeze all of its ongoing plans to transfer more UK IT jobs to India; as such actions would mitigate potential job losses as the companies merge.

Lloyds TSB should also start "repatriating" the estimated 3,000 jobs that have already been offshored, which would prompt savings of £1 billion by 2011, the LTU said.

Steve Tatlow, LTU assistant general secretary, explained that if the merged bank is to dominate the UK market, it is imperative that it commits itself to supporting its customers from the UK.

He said: "Rather than making the jobs of existing staff redundant, the Lloyds TSB board should put an immediate halt to transferring jobs to India, and return jobs to the UK for those staff that it currently employs itself."

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