Bladewatch.com

BBC News

Lloyds Banking Group is to cut a further 1,200 jobs, taking the total job losses for the year to 8,200.

The jobs will mostly go in IT support and in insurance services following the merger of its Scottish Widows and Clerical Medical businesses.

Lloyds, which is 43%-owned by the taxpayer, said 370 of the jobs were currently filled by temporary staff.

Separately, it has created 180 new jobs. Lloyds said it had created 1,200 new roles since January.

In the latest round of job cuts, Scotland will lose 220 posts, West Yorkshire 300, and Bristol 110, the rest will be spread across the UK.

Continuing cuts

The Unite union called it a “groundhog day”, referring to the regularity of job loss announcements the banking giant has made in the past few months.

“Unite views the weekly cull of jobs as a disgraceful approach by this taxpayer supported financial institution,” the union said in a statement.

The job losses for the teams involved are unfortunate, the mergers and acqusitions have resulted in duplicate roles across the industry, I wonder though if we might not see further opportunities in migration and integration projects, or even data center move projects as organizations seek to consolidate roles, applications and servers or data centers.

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