Outsourcing deal worries Lloyds Banking Group staff

About 1,500 information technology (IT) staff at Lloyds Banking Group are worried following their reported move to IBM as part of an IT infrastructure outsourcing agreement. The bank would transfer the jobs to IBM, under Tupe regulations, as part of an IT infrastructure outsourcing agreement worth GBP1.3bn over seven years. Dominic Hook, Unite national officer, said the union is seeking urgent reassurance from IBM and Lloyds about the long-term job security of affected staff as the recent move leaves the workers nervous about their future and angry about the loss of their final-salary pension. Hook disclosed that they will be meeting with the affected workers over the coming days to hear their concerns.