More cuts at Lloyds means more confusion and uncertainty
25th August 2009
Unite the union has sharply criticised Lloyds Banking Group's
(LBG) confused management style today (25th August) as the bank
announces over 200 job losses in its general insurance arm,
bringing the total job cuts at the bank to 7,500 this
year.
Only last week LBG decided to abandon the closure of the
Cheltenham & Gloucester branches bringing reprieve for 900
staff.
Unite national officer Rob MacGregor said: "We have no
confidence in this bank's confused strategy. Only last week LBG
decided to abandon the closure of the Cheltenham & Gloucester
branch network bringing a reprieve for 900 staff. This week it's
cutting over 200 jobs.
"This steady stream of announcements and cuts is soul destroying
for the workforce at this state owned bank - it must end. So far
there have been 7,500 job cuts this year, it's a tragedy.
"Staff are expected to give the customers the best possible
service but don't know if they have a job from week to week. These
cuts are not in the interests of the customers, or the taxpayers
who own this bank. The government needs to be more hands on and put
an end to poor management at the bank."
The loss of approximately 200 full-time jobs will take place by
the end of January 2010, from a number of different locations,
including Newport, Gwent and West Yorkshire.
ENDS
Contact: Ciaran Naidoo on 07768 931 315
Email to a friend
