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18th March 2010 - Changes to Pay and Pensions imposed

Members have learned today of the Lloyds Banking Group's decision to impose its 2010 pay offer and the changes to final salary pension schemes.  This is against the wishes of the huge majority of its employees who voted in union ballots and without the agreement of any of the unions.

Not a single concession was made by the Bank in "last ditch" talks at ACAS on Tuesday or in the further talks with the Bank yesterday.

More details are available here

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