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

835 jobs
Number of planned job losses
Job loss
Announcement Date
19 May 2009
Employment effect (start)
Foreseen end date
31 December 2010


Lloyds Banking Group is to cutĀ 835 jobs across the UK by the end of 2010. The cuts follow the bank's takeover by HBOS in September 2009. 625 jobs cuts which were announced on 19 May 2009 are blamed on the merging of its corporate and small lending business units, while the remaining 210 announced on 21 May 2009 are due to combining the digital banking services of Lloyds TSB and HBOS. Trade unions accuse managementĀ of not being clear about their restructuring plans and that they announce new jobs cuts every week instead.

Lloyds had previously announced other job cuts (see factsheet).



Eurofound (2009), Lloyds, Merger/Acquisition in United Kingdom, factsheet number 68975, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68975.