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MORE than 6,000 jobs will be axed as part of a “digital overhaul,” Lloyds Banking Group confirmed today.
As part of a £3 billion commitment to invest in technology, the bank intends to create 8,240 new roles, 75 per cent to be filled by existing staff. But the bank will be cutting back-office staff and its site in Gillingham, Kent, will close.
Nearly 10,000 jobs have been cut in the 20 months since the government sold off its remaining stakes in Lloyds. The bank made £1.82bn of profit between July and September.
Unite national officer Rob MacGregor said: “As the profits stack up for Lloyds, so does the uncertainty for loyal staff who work hard to serve customers.
“This latest announcement will undoubtedly hit the morale of staff who have had to endure round after round of job cuts, branch closures and constant upheaval.”
He added additional jobs will “prove to be a bitter pill” for workers at the Gillingham site.
“These hard-working staff face limited opportunities for redeployment, while other workers around the country could effectively be forced out of a job because they are unable to travel or move to where the new roles are located,” Mr MacGregor said.