LloyDS is facing a strike amid concerns that it is unable to secure enough investment to support its workforce.
The UK’s largest bank, which has more than 80,000 employees, is negotiating with the unions about the terms of a new contract.
A spokesperson said: “It is clear that there is an important gap in the bargaining process between the unions and the banks.
The terms of the new contract are confidential and subject to the parties’ agreement.”
We expect the negotiations to continue until a deal is reached, but the bank has a responsibility to deliver on its contractual obligations.
“We have agreed to a revised contract that will bring forward the end date of the current contract by three months.
We are also negotiating a new agreement with the government.
The new deal will be in place by the end of June.
This is a developing story.
Please check back for updates.
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