Type
Internal restructuring
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

1,300 jobs
Number of planned job losses
Job loss
Announcement Date
9 August 2011
Employment effect (start)
Foreseen end date

Description

Lloyds has announced plans to cut 1300 jobs. The bank hopes to implement most of the cuts through natural wastage and voluntary redundancies while it will also offer redemployment opportunities. The bank's international, wealth, retail and group activities are among the areas to be affected by the cuts.


Sources

  • 9 August 2011: Money Marketing

Citation

Eurofound (2011), Lloyds, Internal restructuring in United Kingdom, factsheet number 72501, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72501.