Lloyds Banking cuts 1,200 new jobs
Lloyds Banking is to cut some 1,200 more jobs, it was revealed today.
The cuts will come mainly from IT staff and be the result of the coming together of Clerical Medical and Scottish Widows.
The total number of jobs cut at Lloyds Banking since the merger of Lloyds TSB and HBOS now stands at over 8,000.
The bank says it has created some 1,200 jobs since the merger, and claims many job losses will be come through natural attrition.
Rob MacGregor, Unite national officer, called the further job losses as a betrayal of taxpayers' support for Lloyds Banking.
"What is the justification for 8,200 staff to be cut in the last three months while Lloyds continues to perform considerable work out of the country?" he said.
"We appear to have Groundhog Day where thousands of staff each week are told that they are to lose their jobs, yet Lloyds Banking remains a state-owned bank.
"Unite views the weekly cull of jobs a disgraceful approach by this taxpayer supported financial institution."
He also hit out at the use of centres abroad while workers in the UK lose their jobs and called for taxpayer funded institutions to be "radically overhauled".
A statement from Lloyds Banking read: "The group's preference is to use natural turnover and to redeploy people wherever possible to retain their expertise and knowledge.
"Where it is necessary for colleagues to leave the company, it will look to achieve this by voluntary severance. Compulsory redundancies will be a last resort."
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