Lloyds set to cut 1,000 jobs
Lloyds Banking Group has announced plans to cut almost 1,000 jobs as it closes operations across the UK.
Around 990 positions are set to go as a result of site closures in LTSB Scunthorpe, LTSB Dudley and HBOS Romford and HBOS Newcastle.
The roles will come from within the Group Operations, Group Executive Functions, Risk,
Wholesale and Insurance divisions.
Lloyds’ Group Operations Division, which carries out back office processing, is consolidating its activities in fewer sites, reducing these from 27 to 15 and is expected to announce more redundancies and site closures during the course of this year.
David Fleming, national officer for the Unite trade union said: “The announcement that Lloyds Banking Group is today to cut nearly 1,000 jobs will be devastating for the workforce.”
“Already some 28,000 employees have lost their jobs as a result of the past poor management decisions at the top of this organisation. Now staff across the LBG insurance, HR, wholesale, retail and group operations will face uncertain future.”