We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Lloyds Banking Group announces 650 UK job cuts
worldtraveller
Posts: 14,013 Forumite
Lloyds Banking Group is to cut 650 jobs in the UK.
Insurance and back office-based staff in Nottingham and Chester would be hardest hit, the bank said.
It will also close its network of Halifax-branded agencies, largely based in solicitors and estate agencies, as they are "no longer integral to its business model".
This will hit more workers, who are not employed directly by Lloyds. Unions said 1,850 jobs would be affected.
Lloyds bought the Halifax business as part of its rescue of HBOS in 2008.
The group, which is 41% state-owned, has forecast that it would make a profit this year, despite making an operating loss of £6.3bn on bad loans in 2009.
Lloyds also said it had struck a deal to allow Halifax customers to pay in cash and cheques at the 12,000 Post Office branches.
BBC News
Insurance and back office-based staff in Nottingham and Chester would be hardest hit, the bank said.
It will also close its network of Halifax-branded agencies, largely based in solicitors and estate agencies, as they are "no longer integral to its business model".
This will hit more workers, who are not employed directly by Lloyds. Unions said 1,850 jobs would be affected.
Lloyds bought the Halifax business as part of its rescue of HBOS in 2008.
The group, which is 41% state-owned, has forecast that it would make a profit this year, despite making an operating loss of £6.3bn on bad loans in 2009.
Lloyds also said it had struck a deal to allow Halifax customers to pay in cash and cheques at the 12,000 Post Office branches.
BBC News
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
0
Comments
-
There is another 400+ contractors not employed by Lloyds that is in addition to the 650The bank also said it will cease using the Halifax Independent Agency business, following a review.
It said 265 agencies will close in October and November.Not Again0 -
And temps in the offices, which are different to contractors. I temped at Lloyds for a month last year.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards