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Usdaw seeks assurances for Tesco Bank members following announcement of sale to Barclays

Date: 09 February 2024 Usdaw, the trade union for Tesco Bank workers, will be engaging with the company after Tesco today announced they have agreed a deal to sell the majority of its Tesco Bank business to Barclays.
Daniel Adams - Usdaw National Officer says: “Following the news this morning that Tesco intends to sell a significant part of its Tesco Bank business to Barclays, we have contacted the business for urgent clarification on the implications of the proposed deal for our members within Tesco Bank.
 
“At this stage, as far as we understand, although the sale is still subject to regulatory approval any transfer will be covered by the TUPE regulations and, as such, Usdaw will be entering into a period of collective consultation with Barclays in the coming weeks. There have been no indications from the business that this will have any impact on jobs within Tesco Bank.
 
“Nevertheless, this is still likely to be an incredibly unsettling time for members in Tesco Bank. The union will, therefore, be seeking assurances on jobs, members' terms and conditions as well as intended future plans throughout the consultation period.”
 
Notes for editors:
 
Usdaw (Union of Shop, Distributive and Allied Workers) is one of the fastest growing unions in the TUC and the UK's fifth biggest trade union with around 360,000 members. Most Usdaw members work in the retail sector, but the union also has many members in transport, distribution, food manufacturing, chemical industry and other trades www.usdaw.org.uk
 
TUPE stands for 'Transfer of Undertakings (Protection of Employment) Regulations 2006' and its amendment in 2014 www.acas.org.uk/tupe
 
For Usdaw press releases visit: http://www.usdaw.org.uk/news and you can follow us on Twitter @UsdawUnion

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