Unite, the largest trade union in the banking sector, has reacted with dismay at the news that Lloyds Banking Group has today (Wednesday 9 September) informed 860 employees that they will be losing their jobs.

While the bank has announced plans to create 220 new roles across the organisation these new jobs will not offer any comfort for the nearly 900 staff who will be told today that they have lost their jobs.

Rob MacGregor, Unite national officer said: “Unite is extremely worried about the future prospects of the 860 staff being told that they will lose their jobs during these very challenging times. While the creation of 220 jobs is to be welcomed this will be no comfort to those members of staff who will from today face an uncertain future.

“Unite has challenged Lloyds Banking Group (LBG) senior management to ensure all those affected by these latest proposed job cuts are given the option to remain working for LBG and do not enforce any compulsory redundancies.

“Unite is adamant that it is totally unacceptable that LBG persists in putting undue pressure on those who remain working for the bank by making hundreds more of their fellow workers redundant on a regular basis.

“The pandemic has demonstrated the amazing resilience and flexibility of this workforce. The employer should not focus solely on cutting jobs and costs but instead the bank should invest in a workforce that has only shown loyalty, dedication and hard work through the good times, and the bad.”

The job losses announced today will be in back office processing functions and head office departments.

ENDS

For further information contact Saba Edwards, Unite senior communications officer on: 07768 693 953.

Notes to editors

Unite is Britain and Ireland’s largest trade union with members working across all sectors of the economy. The general secretary is Len McCluskey.