Unite demands answers as Lloyds cuts 4,500 jobs with work going abroad

13 October 2010

Unite national officer, Cath Speight, said: “It is an absolute disgrace that Lloyds Banking Group which is being kept alive by the taxpayer is cutting more jobs and moving these jobs out of the UK.

“It is now time for the government to step in and demand answers on behalf of taxpayers and staff. The announcement of 4,500 job cuts today (Wednesday 13 October) lets down its staff, customers and taxpayers with no acknowledgement of Lloyds Banking Group’s social responsibilities.

“This bank is racing around the globe in their pursuit of profit. Instead of moving jobs from this country it should wake up and realise the importance of its skilled workforce.

“Since the taxpayer stepped in to keep this bank afloat the management  has shown no acknowledgement for the dedication of staff who have ensured the bank can continue to service its customers, instead rewarding them with over 20,000 job cuts.”

ENDS

For more information please contact: Saba Mozakka, Unite press office, on 07768 693 953.