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26th October 2009 - Sale of Employee Equity Solutions
The Lloyds Banking Group has announced today that it plans to sell its Employee Equity Solutions business (EES) to the global market-leader Computershare for £40 million.
This will lead to the transfer of over 400 employees based in Halifax (approx. 200 employees), Purley (approx. 170) and Jersey to Computershare.
Reacting to the announcement, Accord’s General Secretary, Ged Nichols, said
“Whilst we are never happy to see any reduction in roles in the Lloyds Banking Group, we are pleased that no Accord members will be losing their jobs if the deal goes ahead and that they will have some certainty about their futures in these difficult times.
e have some work to do with Computershare about terms and conditions of employment and other matters under the Transfer of Undertaking (Protection of Employment) Regulations 2006 (TUPE) and have requested an early meeting with them.
Accord will be contacting all affected members today to offer advice, support and guidance.”
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