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[Banjax]

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?

[blackviper90210]

Another case of "wanting their cake and eating it" lying bar stewards.. 

[Banjax]

[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”.

"



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."

 

[Jimbob]

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)

[Banjax]

sorry to hear that Jimbob - hopefully something comes along soon for you  

[Jimbob]

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 

Ahh Well.

[albitz]

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).

[Martin_1962]

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.

[Lazydocker]

Sorry to hear that James, but I'm sure a man of your talents will be able to get something new and challenging

[Martin_1962]

http://www.guardian.co.uk/business/2011/jun/30/lloyds-boss-unrepentant-job-losses

  They have also bought my pension company

How much would they save by sacking the Portugese ?

[Gaffers]

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.

[Kevin Wood]

Really sorry to hear this, Jimbob. I hope something turns up soon.

Kevin

[Varche]

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.

[cleggy]

Sorry to read this Jimbob, hope it works out for you

[Field Marshal Dr. Opti]

Sorry to hear to this news Mr Jimbob. I've been made redundant on more than one occasion myself. Keep optimistic.