Unite reaction to Lloyds Banking Group job cuts and outsourcing
plans
17 March 2011
David Fleming, Unite national officer said: “The news that
Lloyds Banking Group is to cut a further 570 jobs and outsource
another 600 jobs will be met with despair by the bank’s staff. Just
two weeks ago this taxpayer supported organisation announced
profits of £2.2 billion, Yet this decision represents a total
failure by Lloyds to recognise that this turn around is the outcome
of the work of their staff.
“Unite strongly opposes any attempt by Lloyds to make compulsory
redundancies and is demanding that the organisation ends this
practice of drip feeding staff job loss announcements, while at the
same time increasing the number of agency staff being taken
on.”
This job loss announcement will impact the following functions:
- Group operations,
- Insurance,
- Retail,
- Mortgage operations,
- Intermediary distribution and sales business support and
- Wholesale
In addition the outsourcing will mean that the following
business areas will be transferred:
- HBOS clearing services,
- Satellite mailroom and
- Payroll and transactions
Ends
–For more information please contact: Saba Mozakka, Unite press
office on: 07768 693 953
