|
|
|
 |
Group Operations Plans 2,814 More Job Losses Next Year
|
Date: 4th Nov 2009
Group Operations Division has today announced plans to make redundant a further 2,814 jobs during 2010, increasing to 5,500 the total number of jobs that will have been lost across the Division since Lloyds’ takeover of HBOS.
This announcement is part of an overall announcement today of around 4,500 further job reductions across the Lloyds Banking Group during 2010, with Retail Division expected to announce substantial further job reductions when it is in a position to communicate its own plans for next year.
The key features of Group Operations’ plans for next year will be:
● 20 sites from which Group Operations operates will be directly affected. The Division will pull out of 10 of these sites, whilst work will be redistributed between business units in the other 10 sites.
● Whilst 2,814 roles are being made redundant, the Division will be creating 714 new roles - though typically not in the same sites. The net reduction in staff numbers will therefore be 2,100, though because of geographical dislocation between where jobs are being lost and created, the number of staff losing their jobs will be much higher.
● Despite making so many jobs redundant in the UK, the Bank has rejected LTU’s demands that work should be returned from India - where over 5,000 staff are employed on low pay - to protect the employment of existing staff. This is the clearest possible indication that the Bank, which has accepted £billions of taxpayers money,accepts no corporate social responsibility for its role in the UK economy and society in general.
● Group Operations intends to achieve these planned job reductions on a phased basis extending throughout 2010.
● The Bank hopes to achieve just over half of all job reductions through Voluntary Redundancy and will be introducing targeted Voluntary Severance Registers in the areas most affected by its plans.
LTU’s priorities will be to ensure all possible steps are taken to avoid Compulsory Redundancies; to enable staff interested in leaving the Bank to do so on Voluntary Severance Terms; that staff are not forced into roles they do not want; and to step up pressure upon the Bank to abandon its unethical Offshoring Policy.
LTU’s priorities will be to ensure all possible steps are taken to avoid Compulsory Redundancies; to enable staff interested in leaving the Bank to do so on Voluntary Severance Terms; that staff are not forced into roles they do not want; and to step up pressure upon the Bank to abandon its unethical Offshoring Policy.
 |
|
|
|
