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30th June 2009 - Accord comment on Lloyds Banking Group announcements 30th June

The Lloyds Banking Group today announced changes in its Group Operations and Wholesale Divisions.

 

The changes amount to the largest single set of announcements in one day with over 2,100 roles expected to be impacted over next three years.

 

The Bank has reiterated its commitment to using compulsory redundancies as a last resort.

 

The creation of 350 new roles was also announced along with a new policy regarding off-shoring of activities. In a welcome development, the Bank has given a new commitment to keep existing, permanent operational roles in the UK whenever possible.

 

The impact of the planned changes on Accord members is not as significant, proportionately, as some other developments. Nevertheless, the Union has written to the 310 members who are affected by today’s announcements to offer support.

 

Accord members affected by the Group Operations changes include those in Belfast and Glasgow where Customer Relations activity will no longer be carried out and the management teams in the Edinburgh, Glasgow, Newcastle & Manchester CSCs with impact too at Cards in Pitreavie and in Lovell Park Road in Leeds.

 

The changes in Wholesale Division impact widely across the UK in what were HBOS Corporate Banking locations including both Speke and Chester which have been impacted by other announcements recently.

 

More information on the changes is available on request from info@AccordHQ.org  

 

 

Commenting Ged Nichols, General Secretary of Accord, said:

 

“Today’s announcements are very significant and the cumulative job loss total, and the almost weekly announcements, are a major worry for everybody employed in the Bank.

 

A team from Accord is meeting with the Lloyds Banking Group today to seek re-assurance that the restructuring that is taking place is genuinely aimed at creating a Bank fit for the future rather than just cutting short term costs.

 

We welcome the announcement of the creation of some new roles in the Bank and the commitment to keeping existing, permanent operational roles in the UK. Whilst this latter commitment does not go as far as we would like, it is progress and it is right that we should acknowledge it.

 

We remain concerned, however, about the net further loss of employment opportunities within the Bank – particularly in the current difficult economic and employment climate.

 

Accord will fully support its members right through the current situation and we will do all that we can to avoid compulsory redundancies from this and other initiatives.”

  

Any comments or queries should be referred to ged.nichols@AccordHQ.org  

 

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