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| Version 1 | Version 2 |
|---|---|
| Lloyds to cut 2,100 banking jobs | Lloyds to cut 2,100 banking jobs |
| (10 minutes later) | |
| Lloyds Banking Group has announced it is to cut a further 2,100 jobs over the next three years. | Lloyds Banking Group has announced it is to cut a further 2,100 jobs over the next three years. |
| This will be mitigated by the creation of 350 new roles, Lloyds said. | This will be mitigated by the creation of 350 new roles, Lloyds said. |
| The Unite union was "astonished" by the scale of the cuts, which it said brought total job losses at the group since January to 7,000. | The Unite union was "astonished" by the scale of the cuts, which it said brought total job losses at the group since January to 7,000. |
| The banking giant, which is 43%-owned by UK taxpayers, was formed by the merger of Halifax Bank of Scotland and Lloyds TSB late last year. | The banking giant, which is 43%-owned by UK taxpayers, was formed by the merger of Halifax Bank of Scotland and Lloyds TSB late last year. |
| The job cuts are the result of the bringing together of the two banks, a company statement said. | The job cuts are the result of the bringing together of the two banks, a company statement said. |
| It expects 700 of the job reductions to be made through "natural attrition". | It expects 700 of the job reductions to be made through "natural attrition". |
| Lloyds has also made a commitment not to move any further "permanent operational roles" outside the UK. | Lloyds has also made a commitment not to move any further "permanent operational roles" outside the UK. |
| Rob MacGregor of the Unite union said morale at the banking group was "now truly low". | Rob MacGregor of the Unite union said morale at the banking group was "now truly low". |
| "Employees across Lloyds are in a permanent state of anxiety as they see their employer announce hundreds of job losses every week," he said. | "Employees across Lloyds are in a permanent state of anxiety as they see their employer announce hundreds of job losses every week," he said. |
| Growing toll | Growing toll |
| In the past six weeks, Lloyds has made a series of job cut announcements: | In the past six weeks, Lloyds has made a series of job cut announcements: |
| • On 9 June it said 1,660 jobs would go with the closure of all Cheltenham & Gloucester branches | • On 9 June it said 1,660 jobs would go with the closure of all Cheltenham & Gloucester branches |
| • A week earlier on 3 June, it revealed plans to shed 530 jobs by the end of the year, including 210 at a customer service unit in Kent | • A week earlier on 3 June, it revealed plans to shed 530 jobs by the end of the year, including 210 at a customer service unit in Kent |
| • On 21 May, it said it was cutting 210 jobs as a result of combining the telephone and digital banking services of Lloyds TSB and HBOS | • On 21 May, it said it was cutting 210 jobs as a result of combining the telephone and digital banking services of Lloyds TSB and HBOS |
| • This was preceded on 19 May by the announcement of 625 job losses due to the merging of its corporate and small-business lending units. | • This was preceded on 19 May by the announcement of 625 job losses due to the merging of its corporate and small-business lending units. |
| Mark Fisher, director of group operations at Lloyds Banking Group, said: "By bringing the businesses together, we will be better placed for the future. Regrettably, however, some of our colleagues will be affected by our plans. | |
| "We understand that this difficult news will be unsettling and we will be working closely with those colleagues affected." |