Unite astonished at scale of further Lloyds job losses

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Tuesday, 30, Jun 2009 12:00

Rob MacGregor, Unite national officer, said: “Unite is astonished that the Lloyds Banking Group (LBG) is to make a further 2,113 job cuts. As a taxpayer supported organisation, real questions need to be asked as to how far this bank can be allowed to go in this systematic slashing of staff. This loss of over two thousand jobs marks the largest single job loss announcement since the formation of LBG in January.

“Morale is now truly low as employees across Lloyds are in a permanent state of anxiety as they see their employer announce hundreds of job losses every week. This Labour government can not afford to turn the other way as bank workers across the country are losing their jobs. This horrendous news brings the total of job losses since January in LBG to over 7,000.

“The thousands of staff in the Commercial and Group Operations areas who are hit by this announcement will be seeking a commitment from the bank that there will be no compulsory redundancies. Unite welcomes the assurance given to the union that LBG will not offshore any further roles in these business areas. However, we have called for an urgent review of all the Lloyds work being done offshore in order to access how this could be done in the UK in order to protect jobs.”

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For more information contact: Saba Mozakka, Unite press office on: 020 7420 8916 or 07768 693 953.