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9th September 2009 - More restructuring announced

Group Human Resources
Staff in Lloyds Banking Group’s HR Function have learned today of the outcomes of the “Phase 1” selection process and the new structure charts have been published.

The Phase 1 change process was announced on July 6th and up to 40 roles were expected to be removed.

Accord contacted all of the members who were in the affected population of over 400. We are pleased that the vast majority of our members have been placed in the new structure but 13 staff were unsuccessful and are being referred to CREST to seek redeployment. The Union will be offering the members in this group further support.

The “Phase 2” plans have also been announced today. This affects around 250 UK based HR colleagues in HR Advice & Guidance and all HR Operations, both in Group HR and in the divisions. 

The plan is for a net reduction of around 32 roles by July 2010 though the net figure masks some significant changes.

Around 200 HBOS staff are “in scope” for these changes and 110 are members of Accord.  The Union is in the process of contacting all of the members who are impacted to offer guidance and support.

Asset Finance
There were two announcements today in the Asset Finance Business.

The first involves the bringing together of the vehicle re-marketing arrangements from Lex and Autolease with a net loss of 11 roles but there is a slightly bigger impact in Lex at Cheadle as activities are centralised in Birmingham. Another 14 roles will go in 2009 in Collections and Operations.

Around 20 Accord members are “in scope” for these change programmes and the Union is in the process of contacting them to offer guidance and support.

A further 11 role reductions have been announced in Personal Finance Business Support, Products and Marketing. This is a heritage LTSB operation and no Accord members are impacted.

Any queries in relation to these announcements should be directed to info@AccordHQ.org 

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