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Bankers face bonus cuts if not in office twice a week
The Independent
|January 14, 2025
Calls to return to offices on a more regular basis continue to be a theme as we head into 2025, with several big organisations ordering their workforce to increase their time at the desk. Now Lloyds Banking Group is doing the same - with the possibility of bonus cuts for those who don't comply.
Lloyds, Halifax and Bank of Scotland are all owned by Lloyds Baking Group, which has recently announced plans to let customers of any of those brands use the others to do their inbranch banking, fuelling concerns that more branches may close in areas where they are doubled up.
Senior bankers at Lloyds are expected to receive payouts next month for their 2024 performance, with annual results detailed on 20 February, but the group has confirmed that reviewing office attendance will now comprise one part of performance-related targets, per The Guardian.
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