Lloyds slammed by unions over plans to cut another 530 jobs

Unions have slammed plans by Lloyds Banking Group to shed a further 530 jobs, making the total number of jobs soar past 2,000 since its takeover of HBOS in January.

The bank has revealed that 210 positions will go before the end of the year, when a customer service unit in Kent is closed, of which 190 positions are full-time. Another 320 full-time positions will go in its sales, mortgages and network support units by December.

The move comes on top of the 625 job cuts announced last month, and a further 1,000 redundancies at its car financing division in April.

A Lloyds spokesman said they hoped to use natural wastage and to redeploy people rather than make compulsory redundancies.

But unions have expressed anger at the announcement.

Rob MacGregor, Unite national officer, said: “Unite is extremely disappointed that the Lloyds Banking Group is to cut a further 510 [permanent] roles. We will not accept a situation where the Lloyds Banking Group makes weekly announcements of hundreds of job losses. Staff must be told the company’s plans for the future of the organisation and not be left with the uncertainty that they could be the next to lose their jobs.”

The Treasury owns just under half (43.4%) of the bank after it was bailed out by the government last year.

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