Job Cuts at Lloyds
Antonio Horta-Osorio

The Lloyds group will shed around 325 jobs across the UK, under the ongoing integration programme, which will affect the business support functions within its whole sale group and operations divisions across the UK. The staff at Trinity Road and Copley Data Centre has been told about the risks of cut down of their jobs.

Lloyds currently have the staff of 104,000 people. The trade union said that the cuts have already shed surprisingly 22,000 jobs.

Llyods Bank said in a statement that these sheds in the jobs are very sensitive issue and they understand the problems of employees. They said that all affected employees have been briefed by their line managers.

David Fleming, National Officer at Unite said that the morale of the employees is very low at the particular time with the flow of job cuts, as no one is secure with their job profile now.

Meanwhile, the union is demanding to know that why the new Chief Executive, António Horta-Osório, has been drip-feeding job losses. Union wants the company to cut short these job losses and they want that there should be no compulsory cuts.

The company said that where it will be necessary for the cuts in jobs then they will be offering voluntary severance.

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