Well, you can always ask of course

Trade unions are urging Lloyds Bank to become by far the biggest employer yet to introduce a four-day working week without cutting salaries.

The bank has been asked to make the move as part of annual pay negotiations with unions Accord and Unite.

As with flexible hours, it’s whether you’re going to get what you ask for that matters….

8 thoughts on “Well, you can always ask of course”

  1. Trade unions are urging Lloyds Bank to become by far the biggest employer yet to introduce a four-day working week without cutting salaries realise that they have too many employees.

  2. Given the rate at which they’ve been closing branches, I suspect they’ve known that for quite some time.

  3. Sam Vara,

    I still remember Brian Davis at Nationwide doing talks for the people in IT and saying there would be less, but higher skilled people in 1997. That roughly speaking, building societies were just computers. He leapt all over internet banking.

    Most of them are now keeping the computers running. The only human bit of opening a bank account is the anti-money laundering bit. Legalise drugs and we could scrap that.

  4. There’s nothing that difficult in doing a 4 day week. We’ve been doing it for the last 6/7 years.
    As Grikath says – you do 7 till 5:30 four days a week with only 1/2 hour lunch breaks.
    For us, the advantage is missing rush hour in the morning, and not having to run a large, energy hungry factory one day out of five. Gives a day free for the employees to go appointments etc. during the week too.
    Except my dentist, who doesn’t do Fridays.
    Wanker.

  5. They want to be paid when they aren’t working …
    Try that idea in a one-man or two-man business!
    But even at Lloyd’s Bank it’s a non-no. Last year staff costs were £3.84bn and they want to increase that by 25%, so another £0.96bn. Pre-tax profits were only £1.226bn on a Historic Cost basis and we know that’s a significant overstatement of true profitability because the replacement cost of fixed assets in debased currency is significantly higher than original cost. The bank would go slowly bust if it said Yes

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