Internal restructuring
United Kingdom
Location of affected unit(s)
Information / Communication
Computer Programming, Consultancy And Related Activities
Computer Programming, Consultancy And Related Activities
62 - Computer programming, consultancy and related activities

2,750 jobs
Number of planned job losses
Job loss
Announcement Date
13 October 2010
Employment effect (start)
Foreseen end date
31 December 2011


Lloyds Banking Group has announced that is to cut about 4,500 jobs globally and 2,750 in the UK. The job losses are located in the companies IT operations and are to be lost as part of the integration of the IT operations of Lloyds TSB and HBOS. The bank has said that it will make less use of contractors and agency employees to recuce the impact on permanent staff, and that compulsory redundancy would be a last resort. Accord and Unite represent staff in the organisation and have described the job cuts as "devastating". 200 of the 1600 permanent job losses result from transfer of jobs to offshore centres. 


  • 13 October 2010: The Guardian
  • 13 October 2010: BBC Website


Eurofound (2010), Lloyds TSB, Internal restructuring in United Kingdom, factsheet number 71101, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71101.