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09/07/2014
Lloyds To Axe 500 Jobs
Lloyds Banking Group (LBG) needs to stop its regular "salami slicing" of banking jobs every two months, according to Unite the union.
Unite was commenting on the latest tranche of 500 job losses announced by LBG today, bringing the jobs lost by the group to about 30,000 since the banking crisis unfolded in 2008.
Unite national officer for finance, Rob MacGregor, said: "We have major concerns that Lloyds seems comfortable in announcing continuous salami slicing job losses on a bi-monthly basis which exacerbates our members' fears and worries about their future.
"We are calling on the LBG to halt this ongoing running sore and to finally recognise that its employees are the greatest asset that this bank – and every other financial institution – has.
"There should be no more job cuts, given that LBG persists in continuing to exploit cheaper resources offshore."
(CD/JP)
Unite was commenting on the latest tranche of 500 job losses announced by LBG today, bringing the jobs lost by the group to about 30,000 since the banking crisis unfolded in 2008.
Unite national officer for finance, Rob MacGregor, said: "We have major concerns that Lloyds seems comfortable in announcing continuous salami slicing job losses on a bi-monthly basis which exacerbates our members' fears and worries about their future.
"We are calling on the LBG to halt this ongoing running sore and to finally recognise that its employees are the greatest asset that this bank – and every other financial institution – has.
"There should be no more job cuts, given that LBG persists in continuing to exploit cheaper resources offshore."
(CD/JP)
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