Lloyds slashes jobs while continuing to take on agency...

Lloyds slashes jobs while continuing to take on agency workers

13 March 2013

Unite, Britain's biggest union, has accused Lloyds Banking Group of allowing the growing casualisation of its workforce while paying scant attention to job security.

Lloyds Banking Group has today (13 March) announced a further 550 job cuts across the country. This is on top of the 1,340 job losses announced in January.

But while Lloyds slashes directly employed jobs, the group is continuing to take on more and more agency workers to plug the resourcing gaps in the business. There are currently around 4,000 agency workers at the bank.

Unite national officer Dominic Hook said: "Lloyds cannot continue to cut now then ask questions later. It's madness that the bank has so many agency workers when it's cutting so many permanent jobs. Lloyds is looking for a period of stability and growth but it won't be achieved by continuous and damaging job cuts.  The bank must put an end to mass redundancies and instead foster job security, pay workers fairly and concentrate on customer service."

Earlier this month the bank announced it made pre-tax losses of £570 million in 2012 after being hit by another £1.5 billion provision for payment protection insurance compensation. The bank made losses of £3.5 billion the previous year. Had it not been for the £1.5 billion provision the bank would have made a profit. 


Contact Ciaran Naidoo on 07768 931 315 

Notes to editors:

  • Unite is Britain and Ireland’s largest trade union with 1.5 million members working across all sectors of the economy. The general secretary is Len McCluskey.