Lloyds bank to axe more Bristol jobs
Lloyds has announced plans to axe another 5,000 jobs across the UK, in a move which will hit Bristol workers.
The bank said that the jobs would go in insurance, group operations —- its name for administrative or back office staff — and retail mortgage lending by the end of next year.
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Lloyds bank to axe more Bristol jobs
It has already axed 10,000 jobs since its £10.2 billion takeover of struggling rival HBOS in January.
Lloyds currently employs 5,000 people at Harbourside and in its branch network across Bristol.
In the insurance businesses, which include Clerical Medical, 1,190 roles will be hit across the UK with a net reduction of 940 jobs.
Its retail mortgage operations will be consolidated on to seven sites, affecting 950 roles although after relocations, 270 jobs will be lost.
A spokesman for the bank said: "There will be some impact in Bristol but we cannot say what will be at the moment. As soon as we know what the precise details are we will let our staff know.
"We are talking to the unions about the situation and we are working with them to make the process as painless as possible."
Lloyds added that the unions Accord, LTU and Unite "were consulted prior to this announcement and will continue to be consulted throughout the process."
It stressed that voluntary redundancies would be offered first and compulsory lay offs would only be a last resort.
The lender has already cut 10,000 jobs following its takeover of HBOS in January.
Steve Tatlow, is assistant general secretary at Lloyds TSB Group Union (LTU), the largest independent trade union representing staff working in the Lloyds Banking Group.
He said: "It is high time that Lloyds understands that it is unacceptable to be slashing jobs in the UK whilst retaining over 5,000 jobs in India, merely can it can get away with paying lower salaries abroad. It should accept that it has a responsibility to its hardworking staff and the UK taxpayers who have bailed it out over the past 12 months²
"After picking up the costs of bailing out Lloyds, UK taxpayers are now going to have to pay for the social costs of many more job losses in the UK, whilst the bank refuses to acknowledge that it has a responsibility to UK jobs and the UK economy.
"Lloyds should be doing more to protect its existing staff in the UK by bringing back work that has previously been transferred to India.
"LTU will be stepping up our campaign involving hundreds of MP's who have been demanding that Lloyds shows more commitment to protecting the jobs of its existing UK-based staff."











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