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PPI Claim News - 30/6/2010

PPI claim: Lloyds cut 650 jobs

Lloyds banking group has announced it is set to cut 650 jobs.

The firm will close an insurance site in Nottingham and make cuts to back-office staff in other locations, with Chester personnel also being badly hit.

It will also close its 265-strong network of Halifax-branded counters based in solicitors and estate agencies as they have been deemed unnecessary by the bank.

The closure of these agencies will affect more workers who are not directly employed by Lloyds, resulting in total job losses of 1,850.

"The scale of this cuts is extreme, the bank's recovery plans are already well on course to deliver 30 per cent higher than forecast savings," said Catherine Speight, national officer at the Unite union.

The 40 per cent taxpayer-owned bank has confirmed that Halifax consumers will be able to deposit funds in Post Office branches.

The total number of job losses at Lloyds following its takeover of HBOS has now reached 17,700.

Posted by Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his beltADNFCR-2776-ID-19867095-ADNFCR

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