Type
Closure
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 - Financial service activities, except insurance and pension funding

585 jobs
Number of planned job losses
Job loss
Announcement Date
21 January 2010
Employment effect (start)
Foreseen end date

Description

Lloyds Bank announced plans to cut 585 jobs across the UK. The majority of these will come from the closure of all 58 of its personal loan centres. Personal finance operations will now be carried out through the existing customer lending centre in Cardiff. As of 25 January 2010 there is no further information on the case.


Sources

  • 21 January 2010: BBC News

Citation

Eurofound (2010), Lloyds, Closure in United Kingdom, factsheet number 70086, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70086.