Jump to content
House Price Crash Forum
Sign in to follow this  
ScaredEitherWay

Lloyds Axing 1400 Jobs-- merged thread

Recommended Posts

BANKING giant Lloyds has axed 1,400 jobs today in its biggest cuts of the year so far.

The bank's Cheltenham & Gloucester operation will bear the brunt, with ALL of its 160 High Street branches set to close.

Last night staff were braced for a huge restructuring.

Lloyds has shed nearly 3,000 jobs since mid-April after its merger earlier this year with Halifax Bank of Scotland.

It laid off 510 workers last week - and furious union leaders have urged Lloyds to come clean about the scale of the restructuring programme.

A spokesman refused to comment on the cuts.

http://www.thesun.co.uk/sol/homepage/news/...00-workers.html

Share this post


Link to post
Share on other sites
Why are people shocked by this, merge two companies streamline the backoffice operations and cut staff to reduce costs.

Because its the Chelt & Glos southerners rather thna the Halifax and Scottish northerners ;)

Share this post


Link to post
Share on other sites
Because its the Chelt & Glos southerners rather thna the Halifax and Scottish northerners ;)

Exactly. Just another reason why Labour got 8% of the vote down here. Less competition between banks, bigger profits, too big to fail. Exactly what we don't need.

Share this post


Link to post
Share on other sites
Why are people shocked by this, merge two companies streamline the backoffice operations and cut staff to reduce costs.

Correct. However, when C&G were bought the staff will have been told that they were now part of the Lloyds family.

So will 75% of the Ex-C&G staff be redeployed and long standing Lloyds staffers be given the boot instead?

Thought not.

This is will undermine the Glos. economy (bad) & therefore house prices (good).

Share this post


Link to post
Share on other sites

There were initial estimates of 20k redundancies from this merger.

They're taking a 'softly softly' approach to the redundancies due to the politics of the situation. Likely more to come.

Share this post


Link to post
Share on other sites

Fail.

http://www.moneymarketing.co.uk/cgi-bin/it...h=341&f=342

Brand Awareness

Lee Jones - 05-Jun-2009

John Charcol senior technical manager Ray Boulger says: “I would expect that, because it is making the decision, Lloyds will not drop its own brandsâ€. He may be right; Lloyds TSB continues to be a huge presence on high streets all over the UK, and C&G is a popular mortgage brand, neither is likely to disappear.

Share this post


Link to post
Share on other sites

Bye-bye, C&G.

I hope Lloyds end up going down the pan, with every single member of staff ending up broke, homeless and alcoholic. Then I'll reckon we're even for those overdraught charges.

Share this post


Link to post
Share on other sites
Bye-bye, C&G.

I hope Lloyds end up going down the pan, with every single member of staff ending up broke, homeless and alcoholic. Then I'll reckon we're even for those overdraught charges.

Well said that man.

Share this post


Link to post
Share on other sites

Sibley and Hamish this is 1400 more people who were getting mortgages at a fraction over base rate owing to their employee perks leaving the market for housing.

Comment?

Share this post


Link to post
Share on other sites
Bye-bye, C&G.

I hope Lloyds end up going down the pan, with every single member of staff ending up broke, homeless and alcoholic. Then I'll reckon we're even for those overdraught charges.

Charming. Are you a bad debtor of theirs?

Share this post


Link to post
Share on other sites
Exactly. Just another reason why Labour got 8% of the vote down here. Less competition between banks, bigger profits, too big to fail. Exactly what we don't need.

8% f_ck me did they get that much? They should think about forming a government

Share this post


Link to post
Share on other sites
Guest KingCharles1st

Poor sods- yet again, the honest hard working girls bringing in the second wage to try and balance the books "get it."

Q- so WHY di these branches and people need to be in operation in the "good times" then? Profit dumps?

Share this post


Link to post
Share on other sites

Man on the telly (live from Canary Wharf) saying right now that we could see a total of 10,000 jobs gone from Lloyds & Royal Bank of Scotland in the longer run.

Share this post


Link to post
Share on other sites

This appears to be the first the staff have heard of it!

A hasty memo went round basically saying 'please forget what you've just seen on the news sites. We have a big announcement to make later on today, but we're not saying what it is yet. We were going to tell you. Sorry about that. Carry on!' :blink:

Share this post


Link to post
Share on other sites
Bye-bye, C&G.

I hope Lloyds end up going down the pan, with every single member of staff ending up broke, homeless and alcoholic. Then I'll reckon we're even for those overdraught charges.

Overdraft charges are an option - if you choose to go into overdraft then you pay for that convenience.

It's not their fault you bought too much shiny stuff for your money to last to the end of the month.

Share this post


Link to post
Share on other sites
Overdraft charges are an option - if you choose to go into overdraft then you pay for that convenience.

It's not their fault you bought too much shiny stuff for your money to last to the end of the month.

Unavoidable medical costs, actually, you self-righteous tosspot.

Share this post


Link to post
Share on other sites
Unavoidable medical costs, actually, you self-righteous tosspot.

Didn't you read your agreement then? You want all Lloyds employees to suffer because of your inability to understand how your bank account works...... and then YOU start to hurl abuse? :o

Share this post


Link to post
Share on other sites
Didn't you read your agreement then? You want all Lloyds employees to suffer because of your inability to understand how your bank account works...... and then YOU start to hurl abuse? :o

I understood it, alright. Doesn't make it less crooked, though. I want them to suffer because the charges are unlawful and they are usurous scum, like all bank employees everywhere. And he is a self-righteous tosspot.

Edited by PrivateerMk2

Share this post


Link to post
Share on other sites
I understood it, alright. Doesn't make it less crooked, though. I want them to suffer because the charges are unlawful and they are usurous scum, like all bank employees everywhere. And he is a self-righteous tosspot.

Ah, so now I understand your name. Come to rid the financial high seas of those pesky banks? Put's me in mind of that Monty Python film....

Anyhoo, don't think they're unlawful yet (probably just a matter of time tho). How will you manage to exist in today's society if the banks decide that all customers who reclaim they're charges have broken trust with them, and are no longer able to offer they're services? Fancy trying to run your life without a bank account?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   296 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.