Lloyds Banking Group announce 400 job losses with further jobs at risk

21 January 2010

The Lloyds Banking Group (LBG) has announced 400 job losses and said that a further 185 jobs could be cut.

The news comes as Unite warns the LBG not to repeat the disastrous strategies of 2009 which brought over 15,500 job losses.

Rob MacGregor, Unite national officer, said: "Unite is deeply disappointed that the Lloyds Banking Group has taken the decision to close all of the Black Horse centres with the loss of 400 jobs. At a time when many families are struggling to control their finances and businesses need access to credit, Unite is opposed to the shutting down of these valued local centres.

"Unite is warning the LBG not to repeat their approach in 2009 where staff faced death by a thousand cuts as weekly announcements of job losses were made. The strategy last year has had a devastating effect on staff and created job insecurity for most colleagues."

Unite is seeking redeployment opportunities for all those who are impacted by the announcement today.

The areas impacted by the organisational changes are the retail and wholesale businesses.

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