Lloyds Banking Group job losses to top 16,000 Go compare with our comparison table

Lloyds Banking Group job losses to top 16,000

22 January 2010 / by Rebecca Sargent

Job losses at Lloyds Banking Group look set to top 16,000 as the troubled bank has announced 400 job losses, with a further 185 on the cards.

The job cuts will be on top of the 15,500 job losses at Lloyds Banking Group last year, bringing the total to more than 16,000.

The latest round has come as a result of the banking group's decision to close all of the Black Horse personal finance centres.

Commenting on the news, Rob MacGregor, national officer at employees union Unite, said: "Unite is deeply disappointed that the Lloyds Banking Group has taken the decision to close all of the Black Horse centres with the loss of 400 jobs.

"At a time when many families are struggling to control their finances and businesses need access to credit, Unite is opposed to the shutting down of these valued local centres."

Unite is warning Lloyds against repeating the thousands of job cuts it made last year. Mr MacGregor adds: "The strategy last year has had a devastating effect on staff and created job insecurity for most colleagues."

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