Job cuts at Lloyds bring total redundancies to 15,000

clock

A fresh round of job cuts in Lloyds Banking Group today has brought the number of losses since its takeover of HBOS last year to over 15,000.

The 373 job losses announced today in its Brighton call centre come on the back of 300 redundancies last week. The bank said it will shut the call centre, which employs 535 people, in May next year. Although 162 roles are to be redeployed, the rest will be lost. A spokesman for the bank insisted customer service would remain unaffected as work undertaken in Brighton would be managed at other call centers. A spokesman says: "We are confident we have the capacity in other call centres to manage the calls." Lloyds, which is 43% owned by the British taxpayer, has come under fire fro...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Fund manager Artemis supports children's charity for 2025

Feel Good Friday: Fund manager Artemis supports children's charity for 2025

Selected as charity of the year by the firm’s charitable foundation

Professional Adviser
clock 10 January 2025 • 1 min read
Popularity of SDR 'Sustainability Focus' grows as two Aegon AM funds adopt label

Popularity of SDR 'Sustainability Focus' grows as two Aegon AM funds adopt label

By end of March 2025

Cristian Angeloni
clock 09 January 2025 • 2 min read
Average DB transfer complainant to receive no compensation

Average DB transfer complainant to receive no compensation

Broadstone’s DB Redress Tracker shows typical redress compensation continues to fall

Jasmine Urquhart
clock 09 January 2025 • 1 min read