The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
170 jobs Number of planned job creations
Announcement Date
3 February 2016
Employment effect (start)
Foreseen end date
Description
Lloyds Banking group has provided further details of its large restructure, which includes the creation of 170 new jobs. In 2015 it announced plans to cut 9,000 jobs across branches in the UK. The latest announcement contains details of branch closures and job cuts which form part of the 9,000 figure, but also includes new details of jobs which will be added. The company will create the new jobs in retail and commercial banking and in its legal team. It is not known when these new jobs will be filled.
Eurofound (2016), lloyds banking group, Business expansion in United Kingdom, factsheet number 86456, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86456.
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