by Tim Lezard Unite has insisted there should be no compulsory redundancies at Lloyds, as the bank this morning announced a further 9,000 jobs are to go. The bank said up to 150 branches could close over the next three years – the latest in a series of …

Tim Lezard Europe, UK, UK unions, Unite,

Lloyds Banking Groupby Tim Lezard

Unite has insisted there should be no compulsory redundancies at Lloyds, as the bank this morning announced a further 9,000 jobs are to go.

The bank said up to 150 branches could close over the next three years – the latest in a series of cuts which have seen over 30,000 jobs go since the banking crisis in 2008. Unite to call on Lloyds to slash executive pay if there were compulsory redundancies and customer service suffered.

The confirmation by Lloyds, which is a quarter owned by the taxpayer, follows last week’s leak of the job losses. The leak led to calls by the union for financial regulators to investigate how potentially market sensitive information has repeatedly found its way into the public domain.

Unite national officer Rob MacGregor said: “These are deeply unsettling times for Lloyds staff, who after days of speculation and leaks face yet another round of job cuts and a future of uncertainty.

“Job cuts of approximately 10 per cent could have unknown consequences on customer service and will put even more pressure on staff who have helped get the bank back on the right track.

“The wallets of top executives at Lloyds should not be getting fat by forcing low paid workers onto the dole. If there are compulsory redundancies or customer service suffers then executive pay should be cut.

“Over the coming days we will be pressing Lloyds for clarity and for guarantees over no compulsory redundancies.”


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Tim Lezard

Campaigning journalist, editor of @Union_NewsUK, NUJ exec member; lover of cricket, football, cycling, theatre and dodgy punk bands

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