Lloyds bank to cut 570 jobs



Lloyds

Lloyds

Lloyds banking group today announced plans that would see over 570 people lose their jobs, after plans to outsource 450 posts as part of further restructuring.

The jobs will be taken from the retail, insurance, wholesale and human relations arms of the group, from all over the UK.

Since the company merged with HBOS in 2009, the group has cut over 26,500 jobs in total, a huge percentage of their workforce.

The group announced that the changes would involve the outsourcing of hundreds of jobs relating to cheque and credit processing operations.

150 jobs are set to go in Chester, with 90 in Halifax and a further 50 each for Manchester and London.

The firm today said, “Lloyds Banking Group is committed to working through these changes with employees in a careful and sensitive way. All affected employees have been briefed by their line manager today.”

Lloyds did add that they hoped to meet the cuts through voluntary redundancies, and compulsory ones would be very much a last resort.

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