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| Version 1 | Version 2 |
|---|---|
| Lloyds to cut another 1,200 jobs | Lloyds to cut another 1,200 jobs |
| (10 minutes later) | |
| Lloyds Banking Group is to cut a further 1,200 jobs, taking the total job losses for the year to 8,200. | Lloyds Banking Group is to cut a further 1,200 jobs, taking the total job losses for the year to 8,200. |
| The jobs will mostly go in IT support and in insurance services following the merger of its Scottish Widows and Clerical Medical businesses. | The jobs will mostly go in IT support and in insurance services following the merger of its Scottish Widows and Clerical Medical businesses. |
| Lloyds, which is 43% owned by the taxpayer, said 370 of the jobs are currently filled by temporary staff. | Lloyds, which is 43% owned by the taxpayer, said 370 of the jobs are currently filled by temporary staff. |
| Separately, it has created 180 new jobs. Lloyds said it had created a 1,200 new roles since January. | Separately, it has created 180 new jobs. Lloyds said it had created a 1,200 new roles since January. |
| Scotland will lose 220 jobs, West Yorkshire 300, and Bristol 110, the rest will be spread across the UK. | |
| The Unite union called it a "groundhog day", referring to the regularity of job loss announcements the banking giant has made in the past few months. | The Unite union called it a "groundhog day", referring to the regularity of job loss announcements the banking giant has made in the past few months. |
| "Unite views the weekly cull of jobs as a disgraceful approach by this taxpayer supported financial institution," the union said in a statement. | "Unite views the weekly cull of jobs as a disgraceful approach by this taxpayer supported financial institution," the union said in a statement. |
| In the past two months, Lloyds has made a series of job cut announcements: | |
| • On 30 June, it said it would cut 2,100 jobs over the next three years | |
| • 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 | |
| • 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. | |
| Lloyds said it was "committed to working through these changes with colleagues carefully and sensitively". | Lloyds said it was "committed to working through these changes with colleagues carefully and sensitively". |