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Lloyds Banking Group to shed 1,000 jobs
Almost 1,000 jobs are to be shed at Lloyds Banking Group. More than 500 staff are expected to be made redundant with the closure of administration sites in Newcastle, Scunthorpe and Romford. About 217 workers from its West Midlands site in Dudley are to be moved to another location. The group is still considering where to make the remaining job cuts, which come as part of a restructuring of its business. Lloyds said its Scunthorpe and Newcastle sites are expected to close by the end of this year. About 209 employees are affected in Scunthorpe and 135 in Newcastle. Its processing centre in Romford, Essex, is expected to close by the end of September with a loss of 212 posts...Read more here--: BBC News - Lloyds Banking Group to shed 1,000 jobsYou must be logged in to post a comment.
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Truett Tate, the investment banking chief at state-backed Lloyds Banking Group, will receive £55,000 a month for the next year despite not being required to turn up for work. The 61-year-old American is the last of the ‘old guard’ involved in the disastrous takeover of Halifax Bank of Scotland which resulted in the £21billion taxpayer bailout for Lloyds in 2008....Read more here---: Lloyds exile Truett Tate is paid £656,000 for doing nothing
Suppose they got to pay hime somehow.......