Bank made £1.8bn profit but still refuses to pay staff £7.85 a hour

Lloyds BankGMB reps are next week to meet with bosses at Mitie to demand a Living Wage for up to 600 staff employed in security, postroom and reception staff working in Lloyds Banking Group’s corporate buildings.

GMB national officer Jude Brimble said: “Meetings have been stalled for several months. The talks have come to a standstill because of the bank’s refusal to commit to providing the funds to ensure these staff are paid a Living Wage.

“It’s astounding that Lloyds Banking Group is refusing to stump up the money to pay decent wages to these workers.

“Earlier this year Lloyds announced that they would resume paying dividends to its shareholders, and that they have made £1.8bn in profit in 2014. It seems that they don’t want their hard-working facilities staff to share in this good fortune.

“Security, reception and postroom staff work on Lloyds sites alongside directly employed staff but are employed by Mitie. Lloyds are using a loophole to claim they are a living wage employer but fail to ensure that their outsourced workers are paid a living wage of £7.85 outside London, let alone the £10 an hour that GMB believe is the minimum to have a decent life.

“It is simply not acceptable that Lloyds Bank is deliberately handing out contracts that mean low wages and pay freezes for outsourced staff.

“GMB is calling on Lloyds to face up the their responsibilities and commit to ensuring that all workers performing functions for the bank, regardless of employer, are given decent wages and rises reflecting the cost of living.

“GMB members will expect progress in the talks on April 29th. We will step up the campaign if that does not happen.”


This work is licensed under a Creative Commons Attribution-NonCommercial License.
Author avatar

Tim Lezard

Campaigning journalist, editor of @Union_NewsUK, NUJ exec member; lover of cricket, football, cycling, theatre and dodgy punk bands

Read All Articles

Related Articles

Thu Mar 2014 /

Indian street vendors finally get legal protection

In a country of 1.2 billion people more than 40 million people earn their livelihood by street vending. These are the people who form the vibrant and sprawling bazaars for which the country is famous for. Finally there is a legal framework for these informal workers that gives structure to their work and protects their livelihood.

Read More
RMT wins major zero hours victory
Tue Apr 2015 /

RMT wins major zero hours victory

The RMT has today confirmed it has secured a major victory in reversing the zero hours status for a sizable number of staff working out of Dover. After extensive negotiations and campaigning, the union’s Dover Shipping Branch has been able to secure another 100 full time contracts for P&O On Board Service Ratings on the Short […]

Read More