25 September 2017
visit www.ncr.com

Lloyds takes the axe to more staff

12 October 2016  |  4464 views  |  0 Lloyds branch

Lloyds Banking Group is sharpening the axe once again, announcing plans to cut a further 1,340 jobs as part of a cost-cutting strategic review.

The latest round of job cuts, which will hit staff operating in retail, group operations, marketing and finance and risk division, follows a pledge in July to slash 3000 jobs and close 200 branches in order to save an extra £400m by the end of 2017. The bank has already removed 4000 positions this year under plans announced in 2014 to lose 9000 jobs by the end of 2017.

Lloyds actions have been condemned as "horrific" by labour union Unite.

Rob MacGregor, Unite national officer, says: “1,340 job losses within this taxpayer backed institution are wholly unacceptable. Unite will oppose all job losses and challenge senior management to ensure all those affected by this latest round of announcements be offered alternative suitable employment.”
KeywordsPEOPLE

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

Lloyds seeks head of fintech discovery

Lloyds seeks head of fintech discovery

20 September 2016  |  7459 views  |  0 comments | 15 tweets | 2 linkedin
Lloyds to cut further 3000 jobs and close 200 branches in wake of Brexit vote

Lloyds to cut further 3000 jobs and close 200 branches in wake of Brexit vote

28 July 2016  |  11485 views  |  10 comments | 9 tweets | 5 linkedin
Lloyds axes IT staff, closes 23 branches

Lloyds axes IT staff, closes 23 branches

29 June 2016  |  6063 views  |  1 comments | 10 tweets | 9 linkedin
Lloyds to eliminate 625 jobs as deeper cuts loom

Lloyds to eliminate 625 jobs as deeper cuts loom

22 April 2016  |  4882 views  |  0 comments | 5 tweets | 2 linkedin
'More Google than Gringotts': Explaining Lloyds' digital talent strategy

'More Google than Gringotts': Explaining Lloyds' digital talent strategy

14 April 2016  |  10884 views  |  0 comments | 17 tweets | 19 linkedin
Innovation types - Lloyds is hiring

Innovation types - Lloyds is hiring

01 March 2016  |  6334 views  |  2 comments | 1 linkedin
Lloyds creates digital skills training course for IT staffers

Lloyds creates digital skills training course for IT staffers

22 October 2015  |  8285 views  |  0 comments | 16 tweets | 10 linkedin
Lloyds commits £1 billion to digital amid massive job cuts and branch closures

Lloyds commits £1 billion to digital amid massive job cuts and branch closures

28 October 2014  |  16815 views  |  0 comments | 20 tweets | 19 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ncr.comvisit www.sibos.comvisit www.temenos.com

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
11284 views comments | 15 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
9037 views comments | 16 tweets | 1 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8850 views comments | 19 tweets | 27 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8545 views comments | 34 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
7146 views 2 | 10 tweets | 1 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job