Lloyds to cut 325 jobs

Photo courtesy of www.moneybright.co.uk

Lloyds Banking Group is set to close over 100 branches and axe 325 jobs across the UK.

The move is part of a programme of three-year programme of reductions which will see 12,000 jobs cut and 400 branches close by the end of this year.

Lloyds said the 325 job losses were part of this cost-cutting plan and were related to the restructure of some management roles in the Lloyds Bank network. The net total includes 96 new roles.

In the East Midlands, Lloyds Bank branches in Bakewell, Clay Cross, Heckington, Nottingham Old Market Square and Wirksworth will close.

Rob MacGregor, Unite national officer said: “The continuous stream of branch closures announced by the UK’s retail bank branches appears to show no signs of ending. The loss of a further 100 local banks will be painful for high streets across the country to absorb.

“Unite is angered that another 200 staff have today been told that their job will be cut due to their branch shutting. Lloyds Banking Group’s rationale for branch closures is the claimed customer preference towards the use of technology across banking. However this simply doesn’t ring true when it’s clear that many customers still value the face to face engagement with experienced and knowledgeable bank staff.

“The industry must halt these endless branch closure programs and open their eyes to what these closures are doing to rural communities, their disabled customers and the small business customers who depend on access to a local branch.”

Photo courtest of www.moneybright.co.uk

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