850 jobs go as Lloyds axes Southend base in bid to reduce costs
Thursday 09 May 2013
Lloyds Banking Group came under attack today for cutting hundreds more jobs and planning to close a large office.
The Unite union said 850 staff would be axed, mainly in Southend, Essex.
It said the bank has announced almost 2,750 job losses since the start of the year.
Lloyds, HSBC and Barclays combined have announced cuts of around 5,500 jobs since the beginning of 2013, said Unite.
Lloyds' office in Southend is set to close, putting 690 jobs at risk, while the bank is also cutting another 160 roles across its commercial banking and bancassurance operations, said Unite.
National officer Dominic Hook said: "Lloyds is celebrating a return to profit and there are hints of dividend payouts to shareholders but the bank's workers are in constant fear that they will be next for the chop.
"This is no way to treat staff. It's time to urgently review this continuous tide of cuts and build the bank's strength.
"The constant job cuts across the banking industry is bad for bank staff, does nothing to support customers and it's bad for Britain's economy. Since January 5,500 job cuts have been announced by high street banks - that's over 1,000 a month.
"Britain's banking industry has a duty to the communities it profits from and that means these institutions need to be responsible employers."
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 Doctors remove 80 teeth from boy's jaw
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 4 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
- 5 Naomi Wolf reacts to Isis 'conspiracy theories' critism after she questions whether beheading videos are real
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
Syrian teenager Usaid Barho reveals how he escaped from Isis using a suicide vest
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Douglas Carswell tells Ukip to stop blaming foreigners as youth poll shows Nigel Farage is even less popular than Nick Clegg
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...