Belfast Telegraph

Saturday 26 July 2014

Anger as Lloyds cut another 200 jobs

Banking giant Lloyds are to axe another 200 jobs, taking the total to 7,500 this year.

The latest cuts will hit the bank's general insurance arm, hitting offices in Newport in south Wales and West Yorkshire.

Union leaders attacked the move, accusing the bank of having a “confused” management style following last week's surprise decision to review the planned closure of Cheltenham & Gloucester branches.

Rob MacGregor, national officer of the Unite union, said: “We have no confidence in this bank's confused strategy. Only last week Lloyds Banking Group decided to abandon the closure of the Cheltenham & Gloucester branch network bringing a reprieve for 900 staff. This week they are cutting over 200 jobs.

“This steady stream of announcements and cuts is soul destroying for the workforce at this state-owned bank and it must end.

“Staff are expected to give the customers the best possible service but don't know if they have a job from week to week.

“These cuts are not in the interests of the customers, or the taxpayers who own this bank. The government needs to be more hands-on and put a end to poor management at the bank.”

Workers were told that the latest job cuts will take place by the end of January 2010.

Ged Nichols, general secretary of Accord, which also represents workers at Lloyds, said: “Today's announcement is clearly bad news for those affected. We expect that around half of the job losses will be at HBOS operations at Lovell Park in Leeds and Copley near Halifax.

“However, Accord believes that compulsory redundancies are not inevitable. We believe that the bank should work with Accord and other unions to find redeployment opportunities elsewhere in the bank and that any redundancies should be voluntary.”

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