Menu
09/06/2009
1,660 Jobs Go As Lloyds Closes C&G Branches
Lloyds Banking Group has announced it is closing all of its Cheltenham & Gloucester branches, resulting in more than 1,500 jobs being axed.
The company announced all 164 C&G branches will close in November, making 1,660 people redundant. However, the brand will be kept for mortgages and savings.
Retail executive director Helen Weir said: "We will work through these changes carefully and sensitively and continue to consult closely with our unions throughout the process."
She also said Cheltenham and Gloucester was a "very strong brand".
The Unite trade union said that the closure of Cheltenham and Gloucester branches was a "disgrace".
Joint leader Derek Simpson said: "It will rip the heart out of hundreds of local communities up and down the country as customers will see their valued community bank branch close.
"Hundreds of staff, who have worked hard for years to make the Cheltenham and Gloucester brand a success, will view this news as a kick in the teeth.
"UK taxpayers have not poured billions of pounds into this organisation just to see it sack thousands of hard-working people."
He added: "This is truly a dark day for the financial services sector in this country."
Lloyds has cut almost 3,000 jobs since April, following an earlier merger with Halifax Bank of Scotland.
Cheltenham & Gloucester, a subsidiary of the Lloyds Banking Group, specialises in mortgages and savings products.
It was previously a building society, and one of the largest mortgage lenders in the UK.
(JM/KMcA)
The company announced all 164 C&G branches will close in November, making 1,660 people redundant. However, the brand will be kept for mortgages and savings.
Retail executive director Helen Weir said: "We will work through these changes carefully and sensitively and continue to consult closely with our unions throughout the process."
She also said Cheltenham and Gloucester was a "very strong brand".
The Unite trade union said that the closure of Cheltenham and Gloucester branches was a "disgrace".
Joint leader Derek Simpson said: "It will rip the heart out of hundreds of local communities up and down the country as customers will see their valued community bank branch close.
"Hundreds of staff, who have worked hard for years to make the Cheltenham and Gloucester brand a success, will view this news as a kick in the teeth.
"UK taxpayers have not poured billions of pounds into this organisation just to see it sack thousands of hard-working people."
He added: "This is truly a dark day for the financial services sector in this country."
Lloyds has cut almost 3,000 jobs since April, following an earlier merger with Halifax Bank of Scotland.
Cheltenham & Gloucester, a subsidiary of the Lloyds Banking Group, specialises in mortgages and savings products.
It was previously a building society, and one of the largest mortgage lenders in the UK.
(JM/KMcA)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
29 November 2017
LBG To Close 49 Branches
Unite the union has announced that Lloyds Banking Group (LBG) informed staff that they will be closing another 49 branches of the Halifax, Bank of Scotland and Lloyds Bank, resulting in 99 job losses.
LBG To Close 49 Branches
Unite the union has announced that Lloyds Banking Group (LBG) informed staff that they will be closing another 49 branches of the Halifax, Bank of Scotland and Lloyds Bank, resulting in 99 job losses.
25 July 2011
Northern 'Banking On Loyalty' As Branches Close
The Northern Bank is making widespread cuts in its branch network in Co Antrim and Co Down - but is hoping to retain all their customers from the affected facilities.
Northern 'Banking On Loyalty' As Branches Close
The Northern Bank is making widespread cuts in its branch network in Co Antrim and Co Down - but is hoping to retain all their customers from the affected facilities.
08 June 2017
Union Calls For Job Security For LGB Employees
Unite the union representing staff at Lloyds Banking Group has called on IBM to give Lloyds Banking Group staff assurances about their future job security following the announcement that 1,500 staff will be transferred to the company.
Union Calls For Job Security For LGB Employees
Unite the union representing staff at Lloyds Banking Group has called on IBM to give Lloyds Banking Group staff assurances about their future job security following the announcement that 1,500 staff will be transferred to the company.
09 July 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.
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.
21 May 2014
Lloyds To Cut Another 645 Jobs
Unite the union is demanding guarantees of no compulsory redundancies following the announcement by Lloyds Banking Group that it planned to cut a further 645 jobs and close its Warrington telephone banking centre. Over 2,400 jobs have gone at the taxpayer bailed out bank since the start of the year leading to plummeting staff morale.
Lloyds To Cut Another 645 Jobs
Unite the union is demanding guarantees of no compulsory redundancies following the announcement by Lloyds Banking Group that it planned to cut a further 645 jobs and close its Warrington telephone banking centre. Over 2,400 jobs have gone at the taxpayer bailed out bank since the start of the year leading to plummeting staff morale.
-
Northern Ireland WeatherToday:After a mainly dry and bright morning cloud will increase as the wind strengthens from early afternoon with showers spreading east later. The strong afternoon wind will reach gale to severe gale force along the coasts. Maximum temperature 11 °C.Tonight:Showers die back to western parts from the evening, leaving much of the night dry with clear spells. Showers spread east again towards morning. Gales ease somewhat, a windy night. Minimum temperature 0 °C.
