Type
Merger/Acquisition
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

1,200 jobs
Number of planned job losses
Job loss
Announcement Date
16 July 2009
Employment effect (start)
Foreseen end date

Description

The British bank Lloyds is to cut another 1,200 jobs across the UK as a result of the merger with HBOS late in 2008, taking the total job losses announced so far to 8,200. No details were given on when the job losses would be implemented. The jobcuts are the latest of Lloyds' cutbacks (see previous fact sheets - 13978, 13928, 14207, 13817, 13711 and 13487).


Sources

  • 16 July 2009: BBC Website
  • 16 July 2009: The Independent

Citation

Eurofound (2009), Lloyds, Merger/Acquisition in United Kingdom, factsheet number 69287, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69287.