Lloyds cuts 2000 more employees - Business - Evening Standard
       

Lloyds cuts 2000 more employees

Lloyds Banking Group, the part-nationalised bank, is to get rid of another 2100 jobs taking the total jobs lost since Lloyds merged with HBOS and received £17billion of taxpayers' money to just over 7000.

Today's announcement covers jobs in processing, administration and business banking with cuts spread across the UK.

The union Unite, which represents bank workers, said it was "astonished" by the latest cuts.

National officer Rob MacGregor said: "Morale is now truly low as employees across Lloyds are in a permanent state of anxiety as they see their employer announce hundreds of job losses every week."

Lloyds said it would try to avoid compulsory redundancies with the cuts phased over three years and 700 of them to be from not replacing workers who have left or contract and agency workers.

Comments

Don't Miss
Rock star: Erin Wasson

Rock star

Erin Wasson is the ultimate anti-supermodel
Maybe it’s because she’s a Londoner … Happy anniversary, Ma’am

Happy anniversary

The monarchy has become stronger and more respected in the past 60 years
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity