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03 February 2021

190 job losses at Lloyds Banking Group

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Commercial Banking & Customer Services

Lloyds Banking Group has announced changes resulting in the loss of 190 roles.

The restructuring primarily affects operations on the Isle of Man, Client Products in Commercial Banking and Customer Services Operations.

The job losses will be managed through the joint agreement between Lloyds Banking Group and Accord on redundancy policy and compensation.

Avoiding compulsory redundancies

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.”

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