20 September 2017
Visit http://response.ncr.com

Direct channel integration costs 210 Lloyds jobs

22 May 2009  |  9229 views  |  0 blurry people

Lloyds Banking Group is cutting around 210 UK jobs after integrating the Web, phone and mobile banking channels of recently acquired Hbos.

The bank says the jobs will go by the end of January as it combines the support functions of Hbos and Lloyds TSB retail direct channels. Customer facing positions are not affected.

Rob Devey, head, direct channels, Lloyds Banking Group retail division, says: "We are bringing together our support functions to create a more streamlined business to help meet the needs of our Retail division."

The bank says its "preference" is to make less use of contractors, use natural turnover, and redeploy people wherever possible. Where staff have to leave, it will look to voluntary severance, with compulsory redundancies a last resort.

Finance sector union Unite reacted angrily to the news, which comes on top of 625 job cuts announced earlier this week.

"Unite is angry that employees continue to live with ambiguity about their futures. The bank must, as a matter of urgency, tell staff of its long-term plans for the workforce," says Rob MacGregor, national officer, Unite.

Since Lloyds and Hbos merged, Unite says 2436 job losses have been announced.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

RBS cuts hundreds of IT jobs

RBS cuts hundreds of IT jobs

21 May 2009  |  9217 views  |  0 comments
Barclays worker jailed for stealing £455,000 from Lloyds chairman

Barclays worker jailed for stealing £455,000 from Lloyds chairman

20 May 2009  |  16126 views  |  0 comments
More Barclays IT staff face chop - report

More Barclays IT staff face chop - report

12 May 2009  |  9945 views  |  0 comments
UBS to cut 8700 jobs

UBS to cut 8700 jobs

15 April 2009  |  6932 views  |  0 comments
RBS to shed 9000 more jobs in back office shake-up

RBS to shed 9000 more jobs in back office shake-up

07 April 2009  |  8441 views  |  0 comments
Norwich Union to slash 1100 jobs

Norwich Union to slash 1100 jobs

02 April 2009  |  4934 views  |  0 comments
Lloyds TSB nabs RBS man Fisher to lead Hbos integration

Lloyds TSB nabs RBS man Fisher to lead Hbos integration

04 November 2008  |  13662 views  |  0 comments
Lloyds TSB details £1.5 billion cost cuts

Lloyds TSB details £1.5 billion cost cuts

03 November 2008  |  7508 views  |  0 comments
Hbos looking to offshore 2000 tech jobs - report

Hbos looking to offshore 2000 tech jobs - report

02 October 2008  |  12729 views  |  0 comments
Lloyds TSB told to ditch offshoring

Lloyds TSB told to ditch offshoring

23 September 2008  |  8335 views  |  0 comments
Lloyds TSB offshores 450 IT jobs

Lloyds TSB offshores 450 IT jobs

14 May 2008  |  16580 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comdownload the paper nowvisit www.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11157 views comments | 24 tweets | 40 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10470 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9241 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7735 views comments | 5 tweets | 4 linkedin
ING moves into digital wealth management with Scalable CapitalING moves into digital wealth management w...
7514 views comments | 14 tweets | 15 linkedin

Featured job

Find your next job