Elizabeth Judge
Download your 2 for 1 Pizza Express voucher
The tally of job losses at Lloyds Banking Group rose by a further 373 today when it announced a fresh wave of cuts in Brighton.
The cuts, described by unions as "alarming", take the total number of losses since its takeover of HBOS last year to more than 15,000. Today's announcement follow 300 redundancies last week, following a massive shake-up of its operation in Aylesbury, Buckinghamshire. The redundancies were particularly brutal, said unions, because the group was the largest private employer in the town.
Lloyds, which is 43 per cent owned by the British taxpayer, said today it would shut its Brighton call centre, which employs 535 people, in May next year. Though 162 of the roles will be redeployed the rest will be lost.
The bank insisted customer service would remain unaffected as the work, undertaken in Brighton, would be managed at its other call centres. A spokesman said: "We are confident we have the capacity in other call centres to manage the calls."
Rob MacGregor, national officer at Unite, said: "We are astounded...There have been in excess of 15,000 job losses announced since the formation of this organisation."
David Nicholson, of Lloyds Banking Group retail division, said: "We recognise that this is difficult news for our affected colleagues. We are committed to working closelyh with them to help them look for other opportunities within the group and elsewhere between now and May next year."
Lloyds took over HBOS last year in a deal personally brokered by Victor Blank, the bank's chairman and Gordon Brown. The deal has since proved to be disastrous and led to Sir Victor's resignation from the group.
Last week it emerged that HBOS and Royal Bank of Scotland were given a secret £61.6 billion in bridging loans last year on top of the £500 billion of support the banking sector received from the taxpayer.
MPs were astonished by the revelation, from Mervyn King, Governor of the Bank of England, which indicated that the two banks were in far greater peril than first thought while Lloyds shareholders are demanding to know why they were not told of the four-month loan. The first instalment was paid two months before Lloyds took over HBOS.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
2006/06
£POA
Surrey
2009
£114,950
Derbyshire
The best policy at the
best price
Be Wiser Insurance
£POA
Surrey
Highly competitive six figure
Nationwide
Swindon
Competitive benefits package
Chartered Institute of Builders
Ascot
Competitive salary + benefits
NHS Direct
London
£125K
Meltwater News
Nationwide Positions
With Part Exchange Crest Nicholson could get you moving.
Award-winning riverside development, SW11.
Luxury apartments for sale from £350,000.
Find out more about our luxurious apartments and houses for sale in the heart of Sussex.
for sale in the French Alps
from E189,000.
We're offering extra savings on Voyager & Adventure of the seas Mediterranean Cruises fr £549.
Book by 28 Feb!
Includes 3* accommodation throughout, a 15 minute Apollo night helicopter flight down the Las Vegas strip and United Airlines flights from Heathrow.
Same break by air costs £189. Valid for weekend travel until 31 Aug 10.
Get covered on your travels with a superb range of policies at great prices
Visit InsureandGo.com
Family friendly villas with Quality Villas. Book with the specialists.
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Milkround
Copyright 2010 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.
Your Comments
Order By: