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IT staff in firing line as Lloyds plans another 1200 job cuts

16 July 2009  |  7538 views  |  0 Lloyds web screen shot logo

Lloyds Banking Group is axing another 1200 UK jobs, with roles in IT and insurance services hit hardest, taking the total number of losses to 8200 this year.

The bank, 43%-owned by the taxpayer, says its group operations division will see a net reduction of around 400 permanent roles by the end of Q1 2010, with staff in Edinburgh, Southend and Halifax all affected.

The cuts are part of the process of combining Lloyds TSB and Hbos functions, including technology and collections.

Around 180 new permanent roles in operations will be created while 370 contract and agency staff will be let go.

The insurance division is also axing 240 permanent roles as Scottish Widows pensions and Clerical Medical are merged. Marketing, finance and sales staff in Edinburgh, Bristol and Leeds will be hit.

Lloyds says affected staff were briefed today and unions Accord, GMB, LTU and Unite were consulted.

Unite says Lloyds is "betraying the taxpayer" and calling for a freeze in the expansion of the work done abroad for the bank.

"Today staff in the IT, life and pensions and operations departments face the reality that LBG is operating centres abroad while they are told that their jobs are redundant," says Rob MacGregor, national officer, Unite.
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