02 August 2015

Lloyds axes 990 UK back office roles

07 February 2012  |  5075 views  |  0 Lloyds web screen shot logo

Lloyds Banking Group (LBG) is preparing to shut down several UK back office sites, with the loss of 990 roles.

The cuts at Lloyds TSB sites in Scunthorpe and Dudley, and Hbos offices in Newcastle and Romford, take the total number of job losses at the group - 40% taxpayer-owned - to around 30,000 in three years.

Ged Nichols, general secretary of the Accord union, says: "LBG shedding almost 1000 more jobs on top of the 30,000 that have been lost since Hbos was taken over just three years ago is devastating news for the employees who will be affected and the communities in which they live."

David Fleming, Unite national officer, adds: "Unite will be holding discussions with the bank with the objective of minimising the need for job cuts following this further restructuring."

Today's cuts are part of a previously announced plan to shed 15,000 jobs, saving £1.5 billion per year in operating expenditure. So far, the bank has terminated 3800 of the total target figure.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

30 June, 2011
13 June, 2011
09 June, 2011
14 April, 2011
13 October, 2010
30 June, 2010
21 January, 2010
10 November, 2009
30 June, 2009
09 June, 2009

Related company news


Top topics

Most viewed Most shared
ING Bank introduces voice-activated mobile...
9521 views comments | 26 tweets | 30 linkedin
Will Uber be the Uber of banking?
7662 views comments | 40 tweets | 31 linkedin
Payments and capital markets sectors domin...
6425 views comments | 17 tweets | 18 linkedin
Bank branches key to fending off digital c...
5887 views 11 comments | 21 tweets | 29 linkedin
Singapore hires Citi veteran to lead new f...
5755 views comments | 13 tweets | 5 linkedin

Featured job

to £100K base, double OTE, stock options
London, UK

Find your next job