Unite defends low paid workers right to Lloyds bonus and urges Government to utilise increased stake in bank
Rob MacGregor, Unite National Officer, said: “Unite will stand firm in defence of staff at the Lloyds Banking Group who have earned their small annual bonus payment. These workers are earning salaries as low as £12,000 per year and depend on the bonus payments to survive. It is inappropriate for front-line staff to be compared to executives or city traders who have ridden the wave of finance growth and made huge pots of money.
“It is essential that the government now ensure that the taxpayer’s economic stake is used in a socially responsible manner. It would be deplorable for the taxpayer-backed Asset Protection Scheme to insure the banks’ riskiest assets while getting no real say in how the company is managed in the future. The taxpayer’s demands have to be heard at the top table and not simply become a silent injection of money.
“The financial support to the UK’s banking sector must be tied to clear commitments to secure jobs and make the industry more transparent and accountable. There can not be a business as usual scenario inside Lloyds Banking Group.”
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For more information contact: Saba Mozakka, Unite the union on: 07768 693 953 or 020 7420 8916.
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