Lloyds revamp to affect thousands of jobs

Image copyright Getty Images

Lloyds Banking Group has confirmed that it is cutting 6,240 jobs and creating 8,240 new ones as it overhauls its digital services.

Lloyds said that 75% of the new roles would be filled by existing staff, but that some specialist roles such as data scientists would come from outside.

Branches will be unaffected but its site in Gillingham will close.

Britain’s biggest High Street lender has been reorganising as more people bank online, rather than in branches.

Recommended For You

SmartVideo Upgrade - Templates (OTO1)

SmartVideo Upgrade - Template Club


Local360 - One Time Purchase

Special Repwarn Resellers ANNUAL Option

Repwarn RESELLERS Special offer - earn 100% recurring income in this hot, in-demand niche

Lloyds said some existing jobs would be refreshed and some new ones created, with staff being retrained.

It added: “This forms part of the £3bn commitment the group has made to invest heavily in its technology and people over the course of its three-year strategic plan.”

Unite union national officer Rob MacGregor said the news would “undoubtedly hit the morale of staff who have had to endure round after round of job cuts, branch closures and constant upheaval”.

He added: “Unite will be pressing Lloyds to guarantee no compulsory redundancies and ensure that staff who move into new roles are given the support and skills that enable them to continue delivering the best possible customer service.”

Branch closures

Lloyds has been shutting High Street outlets as more customers do their banking through apps or on the internet.

Recommended For You

Live Vid Ranker FE - Personal Version

A Point And Click, Cloud-Based Software Tool That Makes It Easy To ‘Go Live’Within Minutes, LiveVidRanker Creates Hundreds Of Unique Live Streams With Just ONE VideoDominate Hundreds Of Google And YouTube Page #1 Rankings For Unlimited, FREE Traffic

LIVEreel - SyVID

SyVID lets you share and syndicate your videos to multiple video and social sharing sites.

This year it earmarked more than 60 branches for closure, while in 2017 it closed 54 Lloyds branches, 24 from its Bank of Scotland brand and 22 belonging to the Halifax.

However, the lender has also been creating new jobs, and this summer promised to invest £3bn in technology and staff training as part of a three-year plan to transform the business.

In the three months to 30 September, total revenue at the bank rose to £4.7bn from £4.6bn a year previously, while profit before tax fell 7% to £1.8bn.

Original Article : HERE ; This post was curated & posted using : RealSpecific

Thank you for taking the time to read our article.

If you enjoyed our content, we'd really appreciate some "love" with a share or two.

And ... Don't forget to have fun!

Recommended Products

Video Ads 2.0 Success Kit Upsell

Get this Up-to-date "Video Ads 2.0 Success Kit" with PLR Rights and start cashing in huge by selling it as your own.

Spinty Pro

Upgraded features for Spinty

Leave a Reply