Lloyds Banking Group Contract News <<Placeholder>>

[Alf W]

Where's this happening then? They seem to be actively recruiting contractors 'oop north'. I know of two people they've just taken on and more in the pipeline. It is 'in the know' grey market stuff at the moment rather than bucket shop agency recruitment but it's active.

[Scoobos]

I've been approached for Lloyds by an Indian company, in the last week - I've worked for the "Partner Companies" before ..

Lets see if anything comes of it. In my experience at other co's working for the Indian companies - there's a ratio of 1 qualified local guy to 10-15 back office numpties overseas. (and they are crap)

I think its outrageous... Tax payers money being spent on propping up shareholders, at the cost of UK jobs. A big WTF in my book.

[alluvial]

They tried this when they were HBOS back in 2008 or so within the Insurance and Investments Division. Replaced a load of BAs and PMs with imported HCL people. I was a BA and got replaced by one supposed BA that had been working on third line support tasks. Totally useless, I told my boss that handing over was one thing but training wasn't part of my job description. Highlight in my handover period was when I managed to get him to go to the distributed systems batch guys to ask them to push the 'turbo button' so that we could get the overnight batch run to finish earlier.

Anyway, I went back two years later to find the HCL team being run down after the disaster it was and my replacement still there but reduced to farting about with spreadsheets.

I'm guessing, but is this all within the Insurance division (Life, Pensions and Insurance) and instigated by a certain Mr P? If so, then it doesn't surprise me as they've being going ahead with this strange 'simplification' programme now for some time. To me it always looked more like a "let us bend over and take it right royally" programme.

[SimonMac]

I've been approached for Lloyds by an Indian company, in the last week - I've worked for the "Partner Companies" before ..

Lets see if anything comes of it. In my experience at other co's working for the Indian companies - there's a ratio of 1 qualified local guy to 10-15 back office numpties overseas. (and they are crap)

I think its outrageous... Tax payers money being spent on propping up shareholders, at the cost of UK jobs. A big WTF in my book.

Are you so morally outraged that you will refuse a big fat contract on principle?

[Troll]

I've been approached for Lloyds by an Indian company, in the last week - I've worked for the "Partner Companies" before ..

Lets see if anything comes of it. In my experience at other co's working for the Indian companies - there's a ratio of 1 qualified local guy to 10-15 back office numpties overseas. (and they are crap)

I think its outrageous... Tax payers money being spent on propping up shareholders, at the cost of UK jobs. A big WTF in my book.

+1

[AtW]

I think its outrageous... Tax payers money being spent on propping up shareholders, at the cost of UK jobs. A big WTF in my book.

Taxpayers are the shareholders numpty...

[Scoobos]

Taxpayers are the shareholders numpty...

Lol I wish.. Taxpayers hold a very small return - the investment was not soley purchasing shares, it was a direct loan - not the purchase of shares.

At least that was my understanding - it was equated to 73.6p per share , but that only covered 60 or 70% of the total sum "injected" ...

*cough* or something, or nothing

I *think* (no ability to research) that we own 40% of the shares at the very best.

[Bumfluff]

I've been approached for Lloyds by an Indian company, in the last week - I've worked for the "Partner Companies" before ..

Lets see if anything comes of it. In my experience at other co's working for the Indian companies - there's a ratio of 1 qualified local guy to 10-15 back office numpties overseas. (and they are crap)

I think its outrageous... Tax payers money being spent on propping up shareholders, at the cost of UK jobs. A big WTF in my book.

You should check out RBS if you think Lloyds is bad, RBS have now moved alot of there IT to India, and they have now started moving over middle office / business type functions. It wasn't working when I was there but hey the bosses need to get there bonuses by ensuring costs are cut by x so don't think they really look beyond that. So RBS are making permies in the UK redundent, getting rid of contractors and just moving it all over to India.

[BolshieBastard]

Dont know where this "bad things" is coming from. This morning alone, I've had 3 agents on to me about roles at 3 LTSB sites. Good rate too for the north.

I also know 3 other contractors who have just started at Halifax on 6 and 9 month contracts, with a substantial increase in what they had with current client.

BTW, these jobs arent on the job boards (yet) and came available late yesterday. If you havent been called this morning, by the time the jobs appear on jobswerve in a few days, you'll be wasting your time applying as the agencies will each have their 3 candidates.

[Scoobos]

Are you so morally outraged that you will refuse a big fat contract on principle?

I might be a opinionated , but I'm not daft....

Oh and i was called last week Bolshie, do I win?