Structural changes announced today
As a result of three change programmes in Lloyds Banking Group announced today, 171 roles are being removed and 6 new roles created (resulting in a net reduction of 165 roles), with Customer Service Operations absorbing most of the losses.
Briefings for impacted staff started this morning.
The affected business areas are:
- Lloyds Bank Corporate Markets – Risk & Finance
- Retail - Customer Service Operations (Reduction via voluntary severance)
- Risk – Chief Credit Office
The changes impact several locations across the UK.
Avoiding compulsory redundancies
Commenting Accord’s General Secretary, Ged Nichols, said:
“Job reductions are never welcome but particularly in the current economic climate. We've worked with Customer Service Operations to make sure that the vast majority of redundancies are voluntary and that compulsory redundancies are a last resort.”
Accord’s President, Neil Magill, added:
“We’ve got an excellent track record of working with LBG to do the right thing by its people through business reorganisations by providing individual support to any member who needs it. These changes will be dealt with in the same way.”
If you’re impacted by these changes, get in touch if you need our advice or guidance. We’re here to help. Please contact [email protected].