Breaking News: Jobs shake-up at Lloyds

AROUND 5,000 jobs at Lloyds Banking Group are to be cut across the UK, with a number expected to be affected in Yorkshire.

It is expected that more than 500 jobs will go in Yorkshire, with a number in Halifax at the former headquarters of Halifax Building Society.

Jobs are also expected to be lost at Group Operations in Leeds and in the city’s retail division.

Rob MacGregor, national officer of the Unite union, said: “This Lloyds Banking Group announcement of 5,000 job losses demonstrates the depth of corporate arrogance within this taxpayer-supported bank.

“This country’s financial sector should be looking towards the future, rather than continuing to slash jobs without proper consideration of how to rebuild the public’s confidence in our tarnished banking sector.

“Today marks the start of another dark week for finance workers. It beggars belief that, just days after 5,400 jobs were cut in RBS and HSBC, we see further devastation for workers in this part- nationalised financial institution.”

Lloyds confirmed that around 5,000 jobs would be hit by changes within its group operations, insurance and retail divisions by the end of 2010.