Lloyds to shed more than 200 Scots jobs
Lloyds Banking Group said yesterday it would cut more than 200 jobs in Scotland and more than 700 across the rest of the UK.
Unions branded the bank a “disgrace” and said it was Lloyds’ third job-loss announcement in recent days.
Unite said the latest announcement brought job cuts in the past few days to 1,300, adding that a quarter of Lloyds’ workforce has now been axed since 2009.
The bank said compulsory redundancies would be a last resort and that fewer than half of its job reductions in 2009 and 2010 ended in redundancy. In Scotland, Lloyds said 70 people would move to other organisations through Transfer of Undertakings (Protection of Employment) regulations (TUPE), while at the Bank of Scotland 91 roles will go as part of a management restructure.
For the full story, pick up a copy of today’s Press and Journal or read our digital edition now