Union News

Latest News


30th June 2010 - The job losses start again

The Lloyds Banking Group has announced significant changes in its Retail, Insurance and Group Operations divisions which will lead to a loss of an estimated 1,850 roles. There are a number of steps being taken to reduce the impact of the changes and the net job losses could be around 650.

Further jobs will be lost in the Halifax network of independent agencies which is to be closed down.

A newsletter that can printed off and distributed in workplaces is available here.

Commenting on the announcements Accord's Ged Nichols said:

"Today's announcements are very significant and the cumulative job loss totals are a major worry for everybody employed in the Bank.

Through the joint dialogue that has been taking place up to now, Accord has been seeking 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 but 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 our members right through these changes 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

Previous Page