Bleak day for finance staff as Lloyds and Capita announce 760 job losses

2nd March 2010

Lloyds Banking Group (LBG) has announced the loss of a further 370 job losses today (Tuesday 2nd March). This comes on the same day that Capita confirmed the loss of 390 jobs from its Bristol operation.

Unite has branded today as a “bleak day” for finance staff who have faced many months of uncertainty about their jobs.

Rob MacGregor, Unite national officer, said: “The 760 finance staff who have today been told that they face an uncertain future will be devastated by these announcements.

Responding to the Lloyds job loss news Rob MacGregor said: “Unite has been working with LBG to minimise the number of redundancies at the bank as a result of the integration of Lloyds and HBOS businesses. The union is optimistic that Lloyds will continue to work with us to identify all possible options of alternative employment for staff.”

In negotiations with Lloyds' management Unite has been calling for:

  • a commitment to no compulsory redundancies
  • the end to the practice of utilising contractors/temporary workers
  • open the relocation package/travel allowance policy to all impacted colleagues who would be willing to retain a role in LBG
  • to return all offshored work to protect the job security and livelihoods of LBG colleagues
  • to open a voluntary register in the impacted areas 
  • for the company to share other cost-saving measures other than site closures and job losses.


The Lloyds cuts from its Wealth & International, Group Operations and Group Executive operations will affect staff across the UK.

Lloyds Banking Group has announced over 15,000 job losses since the formation of the bank in 2009. Yesterday Capita told 84 staff in Belfast that they would lose their jobs.

ENDS

For more information please contact: Saba Mozakka, Unite press office on: 07768 693 953.


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