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373 more jobs go at Lloyds


Published :
Mon, 30 Nov 2009 10:05
By : financemarkets.co.uk
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Lloyds Banking Group has today confirmed it will axe more jobs with the closure of a contact centre in Brighton in May 2010.


The bank, which is currently 43% owned by the taxpayer, said the move will affect 535 employees, of which 162 will be transferred to other roles, leaving a reduction of 373 jobs.


The news comes just one week after the bank announced it would axe 570 posts, with a further 340 under review.


Furthermore, earlier this month, the megabank said it would axe 5,000 jobs by the end of 2010.


The bank has now axed around 15,000 jobs since its merger with HBOS last autumn.


Commenting on today’s announcement, David Nicholson, of Lloyds Banking Group’s retail division, said: “As part of our integration process, we have reviewed our contact centre sites to ensure that we are operating in the best possible way.


“We recognise that this is difficult news for our affected colleagues. We are committed to working closely with them to help them look for other opportunities within the group and elsewhere between now and May next year,” added Mr Nicholson.


However, the move was again criticised by Rob MacGregor, Unite national officer, who said he was “alarmed” by the bank’s strategy.


In related news, it has emerged that Lloyds is seeking to throw out the thousands of claims lodged against it for the return of overdraft fees.


Last week, the Supreme Court ruled in favour of the banks over the fairness of unauthorised overdraft charges.


In a statement, Lloyds said: “As the judgement concludes the test case, the FSA has agreed that these complaints should no longer remain on hold.”






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