Lloyds revamp to affect thousands of jobs

bank Image copyright Getty Images

Lloyds Banking Group has confirmed that it is cutting 6,240 jobs and creating 8,240 new ones as it overhauls its digital services.

Lloyds said that 75% of the new roles would be filled by existing staff, but that some specialist roles such as data scientists would come from outside.

Branches will be unaffected but its site in Gillingham will close.

Britain’s biggest High Street lender has been reorganising as more people bank online, rather than in branches.

Recommended For You

Lloyds said some existing jobs would be refreshed and some new ones created, with staff being retrained.

It added: “This forms part of the £3bn commitment the group has made to invest heavily in its technology and people over the course of its three-year strategic plan.”

Unite union national officer Rob MacGregor said the news would “undoubtedly hit the morale of staff who have had to endure round after round of job cuts, branch closures and constant upheaval”.

He added: “Unite will be pressing Lloyds to guarantee no compulsory redundancies and ensure that staff who move into new roles are given the support and skills that enable them to continue delivering the best possible customer service.”

Branch closures

Lloyds has been shutting High Street outlets as more customers do their banking through apps or on the internet.

Recommended For You

Image Plugin (100% FREE)

Totally free images for your wordpress blog

Viral Traffic App - Unlimited Lite Edition

The All In One One Social Traffic Solution

This year it earmarked more than 60 branches for closure, while in 2017 it closed 54 Lloyds branches, 24 from its Bank of Scotland brand and 22 belonging to the Halifax.

However, the lender has also been creating new jobs, and this summer promised to invest £3bn in technology and staff training as part of a three-year plan to transform the business.

In the three months to 30 September, total revenue at the bank rose to £4.7bn from £4.6bn a year previously, while profit before tax fell 7% to £1.8bn.

Original Article : HERE ; This post was curated & posted using : RealSpecific

Thank you for taking the time to read our article.

If you enjoyed our content, we'd really appreciate some "love" with a share or two.

And ... Don't forget to have fun!

Recommended Products

Fibonacci Golden Zone Indicator for All Markets

The Fibonacci Golden Zone Indicator well help traders who trade Forex, Stocks, Bitcoin, Options, and Futures. This unique indicator is a great helpful tool that you will use consistently. A custom dashboard is included at no extra charge!

Ultimate Licensing Deal: Graphics Sling

Exclusive licensing rights to all of our Graphic Sling products and business.

Leave a Reply