Business

500 jobs axed at Lloyds

11 April 2012

Lloyds Banking Group has today axed 500 jobs, including 30 in London, in a further blow to the finance industry.

A former Halifax processing centre near Chatham in Kent will be closed, with the loss of 210 jobs, and a further 300 positions are being shed from the firm's retail banking sector, including 30 London employees.

The union Unite said that the latest job losses mean almost 3000 jobs have been axed at Lloyds since January, when it bought HBOS.

Rob MacGregor, spokesman for Unite, said: "The latest job losses are yet another example of the weekly hammering that the workforce of the bank is having to endure. We have already seen over 2,400 job losses announced by the bank since its formation in January. Unite will not accept a situation where the LBG makes weekly announcements of hundreds of job losses."

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in

MORE ABOUT

Banking
Halifax (bank)
HBOS
Lloyds TSB
Unemployment