The loss of 121 roles announced in Commerical Banking
As a result of a change programme in Lloyds Banking Group announced today, 121 roles are being removed with 65 new roles created – resulting in a net reduction of 56 roles.
36 colleagues have secured one of these new roles and 73 have been placed at risk of redundancy. Briefings for impacted staff started this morning.
The affected business areas are:
- Commercial Banking – SME & Mid Corporates
The changes impact a number of locations across the UK.
The union has contacted impacted members to offer support and advice.
Commenting Accord’s General Secretary, Ged Nichols, said:
“Job reductions are never welcome but particularly in the current economic climate. We'll be working hard to ensure that compulsory redundancies are a last resort, pressing Lloyds Banking Group to make every reasonable effort to find alternative roles for those who want to stay with the Group.”
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.”
For further information please contact [email protected].