Unite condemn 20% job cuts in offshore banking at Lloyds Banking
Group
24 June 2009
Unite the UK’s biggest finance union has today (Wednesday)
condemned the announcement by Lloyds Banking Group (LBG) to cut a
total of 242 jobs in its offshore banking operations.
Unite believes that 182 of these posts will be lost from its
offshore banking operation in Jersey with the rest of the jobs cut
at the Isle of Man and Guernsey.
The end of the two and a half year integration programme will
see 20% less roles in the offshore banking section of the
business.
Rob MacGregor, Unite national officer said: "Despite the
difficult economic conditions these hard working employees battled
to give this section of the business a very healthy pre tax profit
in 2008.
"Even after recent the spate of job loss announcements by Lloyds
Banking Group, this news still comes as a bitter pill to swallow
for our members.
"Unite will continue to negotiate with the bank and push them to
recognise the dignity of their Jersey, Isle of Man and Guernsey
employees to ensure that the job losses are avoided."
Unite is demanding no compulsory redundancies and has called on
the bank to do their utmost to protect the 242 jobs.
ENDS
For more information contact: Saba Mozakka, Unite press office
on: 020 7420 8916 or 07768 693 953.
Notes:
This decision will mean 20% less roles in this part of the
business down from 1198 to 956.
Areas concerned will be London, Isle of Man, Guernsey and
Jersey.
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