Internal restructuring
United Kingdom
Location of affected unit(s)
Jersey; Isle of Man; Guernsey; London
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

242 jobs
Number of planned job losses
Job loss
Announcement Date
24 June 2009
Employment effect (start)
Foreseen end date


Lloyds Banking Group has announced plans to cut a furter 242 jobs across the UK. The cuts are the latest in a series of job losses following the merger of Lloyds with HBOS late in 2008. The new cuts will affect staff in offshore finance and they will occur in Jersey, Guernsey, Isle of Man and London. As of 28 June 2009, no date has been given for the implementation of the redundancies.

The job cuts are the latest of Lloyds' cutbacks (see also factsheets 1, 2, 3, and 4).


  • 24 June 2009: BBC News


Eurofound (2009), Lloyds, Internal restructuring in United Kingdom, factsheet number 69158, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69158.