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14 October 2020

Uncertainty as 125 jobs go

Restructuring news in Lloyds Banking Group
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Change programme

Lloyds Banking Group has announced changes to its structure in two business areas which will see 125 roles removed and 62 new roles being created. A net loss of 63.

The restructuring affects colleagues in LBG’s Retail Chief Operating Office and Group Internal Audit.

The job losses will be managed through the joint agreement with Accord on redundancy terms which has been extended until the end of 2023.

“As always, our immediate concern is for the union members who may be at risk of redundancy as a result of the changes. We’ll be contacting all of the Accord members who are impacted by today’s news to offer advice and support.” - Ged Nichols

Any queries should be sent to [email protected]

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