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Britain

Unite slams Lloyds for axing 550 more jobs

Wednesday 13 March 2013

Unite condemned the Lloyds Banking Group today for axing jobs while continuing to take on agency workers.

The group came under fire after announcing 550 job cuts, which the union said were in addition to 1,340 job losses announced in January.

National officer Dominic Hook said: "Lloyds cannot continue to cut now then ask questions later.

"It's madness that the bank has so many agency workers when it's cutting so many permanent jobs."

He added: "Lloyds is looking for a period of stability and growth but it won't be achieved by continuous and damaging job cuts.

"The bank must put an end to mass redundancies and instead foster job security, pay workers fairly and concentrate on customer service."

Lloyds said that the 550 jobs would be cut from numerous divisions including risk, insurance and commercial banking, and were part of previously announced reductions.

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