The Lloyds Bank Group is to derecognise its biggest union, the Lloyds Trade Union (LTU) that represents some 30,000 members in the group. This results from a breakdown in industrial relations with what used to be characterised as one of the most moderate unions in banking and finance. Derecognition means that the LTU will no longer be accorded the right to collective representation and collective bargaining in the company. Consequently, it will no longer be able to bargain over terms and conditions of employment although it will be able to continue to represent individual members through the legal right to accompaniment.
Membership.The LTU is a longstanding union from within the original Lloyds bank and has maintained its positon throughout the mergers, acquisitions and expansions of the bank. Along the way, the LTU was joined in this process as a recognised union in the bank by the Accord (22,000 members) and Unite (10,000 members) unions, both of which are smaller unions but with a combined membership which is on a par with that of the LTU. Accord has traditionally been based in the Halifax and Unite in the B
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