Fujitsu wins Lloyds TSB IT outsourcing deal

Fujitsu wins Lloyds TSB IT outsourcing deal

UK bank Lloyds TSB is outsourcing the remaining part of its distributed IT services to Fujitsu.

Under the contract 167 bank staff will transfer to Fujitsu under TUPE (Transfer of Undertakings Protection of Employment) regulations. Of the 167 staff affected 90 are from the bank's IT service desk in Bristol and will remain in the city.

The bank is now in a due diligence phase of negotiations with Fujitsu and the handover is expected to take place in April. The value of the deal has not been disclosed.

Mark Brown, assistant general secretary of the Lloyds TSB Union, says the union will begin detailed discussions with the bank and Fujitsu on the outsourcing arrangements and transfer terms.

"Only once the bank and Fujitsu have shared details of future plans for the transferred staff, will proper negotiations on the transfer terms commence," says Brown.

Last month Lloyds TSB signed a seven year contract worth £500 million with IBM for outsourced voice and data services.

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