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Unions attack Lloyds over job cuts

Friday April 15th 2011

Unions have attacked banking group Lloyds over its plans to cut more jobs.

Lloyds Banking Group is set to cut 325 jobs from its business support functions within its wholesale and group operations divisions across the UK as part of an "ongoing integration programme".

The cuts will mean the group, which is 41% owned by the taxpayer, has cut some 22,000 jobs since forming in 2009.

The bank said in a statement: "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.

"The Group's recognised unions Accord, LTU and Unite, were consulted prior to this announcement and will continue to be consulted throughout the process.

"The Group's policy is always to use natural turnover and to redeploy people wherever possible to retain their expertise and knowledge within the Group. Where it is necessary for employees to leave the company, it will look to achieve this by offering voluntary severance. Compulsory redundancies will always be a last resort."

David Fleming, Unite's national officer, said the union was "appalled" at the cuts, adding: "Staff morale is at an all-time low with the constant flow of job cuts and the workforce feel they have no job security."

Copyright © Press Association 2011

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