Lloyds TSB
Lloyds TSB

Banks follow Barclays' union deal lead

High street names expected to negotiate similar outsourcing protection for staff

Miya Knights

More high street banks are expected to follow the lead of Barclays Bank and negotiate deals to safeguard the interests of staff affected by offshore outsourcing.

Barclays signed an agreement with finance trade union Unifi following the bank's decision last year to outsource some of its IT operations.

Advertisement

The deal will give employees three months' notice of potential employment strategy changes, regardless of their affiliation to a union. Unifi represents over two thirds of Barclays' 9,000 UK IT staff.

Barclays will offer voluntary redundancy, provide a £2m fund for redeploying its staff or give up to £2,000 per employee for training in a new career outside the organisation.

It will also give three months' pay to redundant employees if they are not redeployed or retrained according to the bank's other measures.

"The overall principle of the agreement is to minimise the number of job losses, as well as the impact in communities on which these jobs are based," said a Barclays spokeswoman.

"This framework has come about because of outsourcing strategies but its principles apply to any major restructuring project that has an impact on staff."

Unifi said the deal marked a breakthrough in corporate and union relations. Keith Brookes, chief Unifi negotiator, said similar negotiations with other banks, including Lloyds TSB and HSBC, were ongoing.

"Our policy is that jobs shouldn't go overseas in the first place," he said. "But globalisation is happening and this is a reasonable, pragmatic deal that minimises outsourcing pain and job losses."

Peter Skyte, national secretary of white collar union Amicus, said it was important that unions and employers discuss and resolve offshore outsourcing issues.

"We are currently in negotiations with a number of employers planning offshore strategies, but none are at a stage where I can discuss them," he said.

"Amicus is seeking to safeguard jobs and career prospects of employees in companies faced with outsourcing strategies in general, and to ensure that the use of [skilled] people and technology is not reduced within the UK."

  • Have your say
  • Send to a friend
  • Print
  • Digg
  • Reddit
  • Share

Tags:

Do you agree?

Further reading

Parliament

Union offshore outsourcing moans 'unfair'

Deputy PM Prescott says trade unions should stop blaming India for job losses

Barclays signs £210m outsourcing deal

IT services company EDS will be responsible for managing Barclays' desktop infrastructure

Barclays drops IBM outsourcing plan

Infrastructure can be run just as efficiently in-house, bank says

Related whitepapers

Related jobs

Most watched

Social networking

Summit: How businesses should manage their brands online

In part one of V3.co.uk's interview with Dirk Singer, he dicusses social media monitoring strategies

RIM discusses new developer tools

Blackberry exec on the latest offerings for programmers

Analysis and Reports

Remote access - Three steps to getting connected

3.4 million UK professionals now work from home – is your company equipped?

Cost benefits of a global collaboration network

This white paper is a must read for organisations looking for evidence of the bottom-line benefits of high-definition video and voice communications

Poll

Impact of Information Overload poll

Impact of Information Overload poll

What is the biggest problem your firm faces as a result of the data explosion?

View poll results

Advertisement

White paper library

Keep up to date with the latest products, services and technologies from the world's leading IT companies; IThound.com brings you over 6,000 white papers, case studies and analyst reports.

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Advertisement

Spotlight

Information management

Summit: Quiz IBM experts on information strategies

Join our live chat session on Thursday at 11am to...

RIM discusses new developer tools

Blackberry exec on the latest offerings for programmers

Houses of parliament

Summit: Doubts raised over Tory plans for NHS records

Experts say data quality could be an issue

Researchers take down spam botnet

Researchers from security firm FireEye have been able to effectively...

Primary Navigation