Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.11 - Central banking

566 jobs
Number of planned job losses
Job loss
Announcement Date
15 March 2006
Employment effect (start)
Foreseen end date


High Street bank Lloyds TSB is to cut 566 jobs as it attempts to reduce costs in its back office operations. Posts will go in London and Tonbridge in Kent and will also see three offices close in Glasgow, Chorley in Lancashire and Newton Aycliffe in County Durham. Lloyds TSB is also relocating hundreds of staff in Birmingham, Bristol and Brighton as part of a strategy to operate fewer, larger offices.


  • 15 March 2006: BBC News Website
  • 16 March 2006: The Guardian


Eurofound (2006), Lloyds, Internal restructuring in United Kingdom, factsheet number 63137, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63137.