Lloyds Banking Group

Type
Business expansion
Country
United Kingdom
Region
Scotland; East Central Scotland; City of Edinburgh
Location of affected unit(s)
Edinburgh
Sector
Information / Computing
61 - Telecommunication
61.1 - Wired, wireless, and satellite telecommunication activities
61.1 - Wired, wireless, and satellite telecommunication activities
500 jobs
Number of planned job creations
Job creation
Announcement Date
20 May 2019
Employment effect (start)
Foreseen end date
1 November 2020

Description

Lloyds Banking Group has announced that it will create 500 new jobs at its new digital tech hub in Edinburgh. The roles are high skilled, and the company has already begun the recruitment process for software engineers and data scientists, though it is being reported that the jobs will be filled over an eighteen month period. The move comes as more banking continues to be done online, and high street banks continue to close. The centre will service the groups' Halifax, Lloyds, Bank of Scotland and Scottish Widows customers. 

Sources

Citation

Eurofound (2019), Lloyds Banking Group, Business expansion in United Kingdom, factsheet number 97814, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97814.