Lloyds job losses
Lloyds officially announced a further 2100 job losses last night; staff had been called to meetings and many will have to reapply for thie existing jobs.
Strangely the bank is closing some commercial centres-mostly in the West Country and Lincoln. What does this say about their expoesure or commitment to the commercial market – or perhaps merely reflcects the lower levels of activity and hence like the customers that used this service and the brokers that fed it- the market has shrunk and there is surplus capacity and so costs need to be cut.
Morale in the bank is not high – there has been a steady parade of job custs over the last few months- death by a thousand cuts.
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- July 1, 2009 / 12:02 pm
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