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Unions condemn Lloyds as 2,100 further jobs are slashed

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Unions condemn Lloyds as 2,100 further jobs are slashed

Unions have reacted furiously to the announcement by Lloyds Banking Group that 2,100 further jobs will be cut to streamline its group and wholesale operations.

National officer at Unite, Rob MacGregor, said: “Unite is astonished that the Lloyds Banking Group is to make a further 2,100 cuts. As a taxpayer supported organisation, real questions need to be asked as to how far this bank can be allowed to go in this systematic slashing of staff.”
Unite added that morale at the bank is sinking fast as fresh job cuts are announced each week, and called on the Government to prevent bank workers from being put out of work.
The total number of job losses announced by the group since it rescued failing bank HBOS and required a bail out package from the Government last year now stands at 7,000.
Lloyds said that 1,400 workers will be axed from its group operations, including 350 in Scotland, 150 in West Yorkshire and 100 in Birmingham.
700 of the job losses would be made up of contract and agency staff and via natural attrition. These redundancies are set to be implemented over the next three years.  
Saying that all affected staff had been briefed before the announcement, Mark Fisher, director at group operations in the bank, defended the move, saying: “By bringing the businesses together we will be better placed for the future. Regrettably, some of our colleagues will be affected by our plans. We understand that this difficult news will be unsettling.”

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