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21st January 2010 - Lloyds Banking Group - More Jobs to go in Retail and Wholesale

It has been announced today that the Secured Collections and Recoveries site at Southampton Town Quay is not a key strategic workplace for the Mortgage business due to its location.

During consultations with the Unions, the Bank advised that the proposed closure date is the end of June 2010.

Accord will support members who wish to be redeployed.  We have secured a commitment from the Bank to explore ‘bumping’ opportunities and to retrain colleagues for new roles.

Members will be able to preference voluntary redundancy. Accord has agreed to PENNA providing outplacement support.

The Bank has also announced today that it proposes to move from 10 to 9 regions in the Halifax Community Bank, with the removal of the current North West and Northern Ireland Region across Network, Mortgages and Bancassurance. The new structure will be in place from 1st April 2010.  This means that the Regional Office at Manchester, Westminster House, will close.

Accord has agreed that redeployment is the best way forward, using existing and future vacancies, secondments and ‘bumping’ opportunities. Voluntary redundancy will be available if suitable roles cannot be found.

Accord will provide a full support service to all affected members via our Full Time Officer Regional network.

Wholesale Division

Wholesale Division announced today that it reorganising its Operations and IT within Asset Finance. The Bank has advised the unions that the new operating model will create Centres of Excellence at Cardiff, Chester, Cockfosters and Edinburgh.

A team will be retained in Chester to support Operational and Collections activity for the Specialist Assets books. This will be a smaller team than that currently in place.  The impact will be 73 FTE at risk of redundancy. Howeve,r suitable alternative roles have been identified for colleagues in Group Collections, ASCO/Group Operations and Blackhorse Collections.

This reorganisation will be in two phases during 2010, May and October being the key months.

A new operating model has been announced by the bank within Lex Autolease. This involves the TUPE transfer of some HSBC managers into LBG.

The Asset Finance Risk function has been reorganised impacting on some members in Chester, Cockfosters, Cardiff, Cheadle, Bury and Gatwick.

Accord has been consulted on these reorganisations and is working closely with the Bank to avoid compulsory redundancies. The agreed way forward is for members to be redeployed, retrained or offered voluntary redundancy.

The Union has written to all members who are impacted by today’s announcements offering support and guidance. We are absolutely committed to helping our members get through this difficult period.

For further information or support, please email  info@accordhq.org or contact the Accord Advice Line on 01189 341808.

For a copy of Accord’s reactive press release, please click here.

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