Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Banjax on 30 June 2011, 07:23:23
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Lloyds to cut 15000 jobs "the bulk" in the UK middle management.
Presumably the £2.2bn profits were an entirely manufactured figure boosted by the banks famous tax avoidance practices then and really they're struggling?
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Another case of "wanting their cake and eating it" lying bar stewards.. >:(
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[size=12]13th June[/size][/b] http://www.insolvencynews.com/article/show/Lloyds-source-cools-rumours-over-job-losses
"A Lloyds Banking Group director has dismissed newspaper reports that the bank is to make a further 15,000 job losses as “not a figure we recognise”.
A report in The Sunday Times had claimed that the group was preparing to axe 15,000 jobs as part of a plan to save £1bn, with many roles at head office at risk as the bank starts to reduce layers of management.
It was claimed that the plans are likely to form a key part of a strategic review which will be published by chief executive Antonio Horta-Osorio on June 30.
The bank has cut around 27,000 jobs since it was given the green light by the then Prime Minister Gordon Brown to merge with HBOS.
But the source at Lloyds said the figure was “plucked from the air” and “appeared to be largely speculative”.
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and yet...[size=12]30th June[/size][/b] http://www.bbc.co.uk/news/business-13971159
"Lloyds Banking Group has said it will cut another 15,000 jobs."
:-X :-X :-X
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Thanks all....
Just so you know, thats my employer
(Im in a technical computing role, no management at all)
Because, and purely because I am not in a stategic location, I am in the process of being made redundant, and will likely be out of work within 2 months.
My alternative is to apply for a job, 100 miles from here, where I will be expected to be on a daily basis, travelling in my own time, paying my own costs....I cannot afford that. would be about 2500 miles a month! Relocation is not an option for me.
(FYI that 15000 is accurate, had an email from Antonio myself this morning)
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sorry to hear that Jimbob - hopefully something comes along soon for you :(
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Cheers, got a few avenues to explore...
Doing what I do, is not going to continue, my role is very specialised, not another opening in that all over Europe, so its a very new start in something.
Trouble is with the 41000 gone from lloyds alone, theres a lot of people looking for work, and therefore paying no tax....Not good for anyone.
Not a nice place to work anymore.
Actually never was...
I started work (16 years ago) for a small car finance company - North West Securities, which became NWS Bank, which became Capital Bank, which got swallowed up by Bank of Scotland, who sold me to IBM, then a few years later, Bought me back again, and into HBOS, which got swallowed into LLoyds Banking group. Each time, things got worse.
16 Years, 7 Companies, 1 Desk ;D
Ahh Well.
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Very sorry to hear that James.
Imo this bank has been wrecked by the shotgun wedding that idiot Brown engineered with HBOS - mostly to keep his mates at HBOS in senior management jobs (which most of them are not fit to hold). >:(
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OK I will admit I hate Lloyds, and them buying Halifax really annoyed me. Lloyds are on my shit list.
Join lots of other people Jimbob, I really feel for you on this.
My dad lost his job due to Lloyds and a useless turd of a bank manager.
His employer (who owned their land) had a short term loan - their bank manager was on holiday and his fill in called in the loan. >:( >:(
1 BMW garage went down the pan due to a w****r at BMW who was friends with a nearby useless garage (hence the loan) and a w****r at Lloyds.
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Sorry to hear that James, but I'm sure a man of your talents will be able to get something new and challenging :y :y
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http://www.guardian.co.uk/business/2011/jun/30/lloyds-boss-unrepentant-job-losses
:-X :-X :-X :-X They have also bought my pension company >:( >:( >:( >:(
How much would they save by sacking the Portugese ?
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Very sorry to hear this news Jim, it can't be anything less than upsetting for you and LJay. I'm confident you'll find something else soon.
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Really sorry to hear this, Jimbob. I hope something turns up soon.
Kevin
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So presumably they were overmanned before. Sound like the public sector? Except that they were also taking us to the cleaners to pay for the over manning and to pay out dividends.
Makes my blood boil. A bunch of blithering idiots in charge of the engine house of the British economy.Nothing to do with Labour. Are they lending yet? Not bl**dy likely.
Jimbob - sorry to hear you are affected. Not a good scenario. You could bring your tent and a sleeping bag and camp here. No paid work here either. Hope you get something sorted out.
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Sorry to read this Jimbob, hope it works out for you
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Sorry to hear to this news Mr Jimbob. I've been made redundant on more than one occasion myself. Keep optimistic. :y
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Sorry to here this James :(
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Very sorry to hear that James.
Imo this bank has been wrecked by the shotgun wedding that idiot Brown engineered with HBOS - mostly to keep his mates at HBOS in senior management jobs (which most of them are not fit to hold). >:(
jesus......hands up who saw that coming? :o
I'd never imagine for one second that a chancellor would know any bankers ::) i'm with you Albs - I'd have let HBOS fail - that would work :y
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Every sympathy JB. :(
But having been a Lloyds customer, this comes as no surprise to me whatsoever. The worst bank I have ever encountered.
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Every sympathy JB. :(
But having been a Lloyds customer, this comes as no surprise to me whatsoever. The worst bank I have ever encountered.
Sorry being a customer of Lloyds or Santander is now compulsary.
Various types of accounts with different people all now with one of these 2.
A post office savings account.
A&L mortgage.
A&L current account
N&P current account
Halifax current account
SW pension
NONE of them were started with either Santander or the shit list bank.
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Every sympathy JB. :(
But having been a Lloyds customer, this comes as no surprise to me whatsoever. The worst bank I have ever encountered.
Lucky man not to have had dealings with a Spanish bank. They are coming to a town near you....... :o :o
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Very sorry to hear that James.
Imo this bank has been wrecked by the shotgun wedding that idiot Brown engineered with HBOS - mostly to keep his mates at HBOS in senior management jobs (which most of them are not fit to hold). >:(
jesus......hands up who saw that coming? :o
I'd never imagine for one second that a chancellor would know any bankers ::) i'm with you Albs - I'd have let HBOS fail - that would work :y
It wasnt about whether or not HBOS failed - do a little research. It was an incredibly ill concieved idea (even by that moron Browns standards) and quite a few shareholders are still in the process of taking legal action over it, to try to get some redress for the terrible damage it caused.
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Every sympathy JB. :(
But having been a Lloyds customer, this comes as no surprise to me whatsoever. The worst bank I have ever encountered.
Lucky man not to have had dealings with a Spanish bank. They are coming to a town near you....... :o :o
Hsbc and first direct here. They have their moments. But generally....
Having said that coming from the shit pit that was Lloyds anything would seem better.
(Q dozens of people be moaning Hsbc, but really, no issues personally)
Irony is it used to be midland bank, which was shite too, so left for Lloyds. I mean how to be worse than shite? Ask Lloyds!
Hsbc took over midland and they transformed. Relatively speaking of course.
I looked Into nat west and barkleys. Dear oh dear. Their adverts should be banned as obscene.
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Im with idiotwest, thy are crap. Keep meaning to move, but not sure if the others are much better or if they would want to take on my overdraft. ;D ;D..............from what Ive heard, Santander have brought the whole business down to a level not previously experienced in the UK. To be avoided like the plague apparently. ;)
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I went into a Spanish bank to pay a parking fine. Big queues. then at 11.00a.m. three of the four tellers closed and went next door for their coffee break.
When I got to the front the teller said there was no discount available for prompt payment. I said I would go to the "DVLA" office. An hour later got my discount but had to drive an extra sixty miles for it. I am certain he would have pocketed the difference at the bank.
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Very sorry to hear that James.
Imo this bank has been wrecked by the shotgun wedding that idiot Brown engineered with HBOS - mostly to keep his mates at HBOS in senior management jobs (which most of them are not fit to hold). >:(
jesus......hands up who saw that coming? :o
I'd never imagine for one second that a chancellor would know any bankers ::) i'm with you Albs - I'd have let HBOS fail - that would work :y
It wasnt about whether or not HBOS failed - do a little research. It was an incredibly ill concieved idea (even by that moron Browns standards) and quite a few shareholders are still in the process of taking legal action over it, to try to get some redress for the terrible damage it caused.
shareholders can take a spanking - surely they know shares can go up as well as down? they're just punters betting on an outcome like any gambler, 'cept gamblers lose with dignity - if shareholders dont win they start squealing........well you placed a bet that didnt come off...boo hoo, how sad, man up and fek off please :y
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Shareholders gamble on the markets, yes. Interference by the Prime minister for pure political expediency,which renders their shares virtually worthless is never part of the deal they sign up to.
By the way, your headline about Lloyds £2 billion profit, doesnt mention the fact that its pretax profit - possibly a loss after taxation. You could have made the grade as a Gruaniad journo Banjax (thats not a compliment) never let the facts get in the way of a capitalist bashing story. ::)
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I use hsbc for both business and personal banking and on the whole quite happy with them although I find them better for business than private :y
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Sorry to here your news Jimbob keep your head up something will come along and reading your posts maybe they have done you a favour when you look at the long game :y
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sorry to hear your bad news Jimbob, having gone through redundancy myself in the past I can guess what youre going through so really hope something turns up soon for you. Just hope the package they offer you is enough to tide you over for a while. Personally Ive been with Lloyds since Ive had an account and always found their service to me quite good in comparison to the stories Ive heard about other banks. But,sadly, for as long as our modern world depends upon currency as a means of trade, those who control the currency have all the power (and all the profit >:(). Dont think that situation will change much though ::) Money sticks with money. Hey ho, maybe I'll win that 100 or so million on the lottery...
Seriously though, I hope things work out for you
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Shareholders gamble on the markets, yes. Interference by the Prime minister for pure political expediency,which renders their shares virtually worthless is never part of the deal they sign up to.
By the way, your headline about Lloyds £2 billion profit, doesnt mention the fact that its pretax profit - possibly a loss after taxation. You could have made the grade as a Gruaniad journo Banjax (thats not a compliment) never let the facts get in the way of a capitalist bashing story. ::)
with Lloyds and their famous....ahem..."colourful" tax avoidance accounting theres really not much difference :(