Unite reaction to 1,850 Lloyds Banking Group job losses
30 June 2010
Cath Speight, Unite national officer, said: “The announcement
that another 1,850 jobs will be cut from across the Lloyds Banking
Group is extremely alarming. The growing tally of 17,700 job losses
since the formation of the bank is disgraceful. For staff at Lloyds
today marks the start of another long summer of worry as they now
face uncertainty about the security of their jobs.
“The scale of this cuts is extreme, the bank's recovery plans are
already well on course to deliver 30 per cent higher than forecast
savings. This taxpayer owned financial institution needs to focus
on retaining the hardworking staff who have ensured the highest
levels of service to its customers over the past 18 difficult
months, not dumping them on the scrap heap.
“Lloyds Banking Group should not be taking short-term decisions but
looking to build a strong and thriving business. The Lloyds staff
are the only means by which this business has any chance of
success.”
Ends
For more information please contact Saba Mozakka, Unite press
office, on: 07768 693 953.
Notes to editors
The job losses announced today will be from the: retail,
wholesale, group operations and insurance divisions across the
country.
Since it was formed in January 2009 the Lloyds Banking Group has
cut 17,700 staff across the country.
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