Tag: overlap

15,000 more jobs to go at Lloyds Banking Group

15,000 more jobs to go at Lloyds Banking Group

Banking giant Lloyds is to axe a further 15,000 jobs, as part of a cost-cutting exercise and will see the bank withdraw from international banking. The job cuts were first unveiled by the Sunday Times earlier this month but have only been confirmed today. The banking giant, which is 41% owned by the taxpayer, has [...]

June 30, 2011 | 0 Comments More
Lloyds Banking Group set to axe thousands more jobs

Lloyds Banking Group set to axe thousands more jobs

According to a report in the Sunday Times, banking giant Lloyds is set to axe a further 15,000 jobs, as part of a cost-cutting exercise. The job losses are expected to be revealed at the end of this month by chief executive, Antonio Horta-Osorio, who assumed the role earlier this year after being poached from [...]

June 13, 2011 | 0 Comments More
Lloyds Banking Group announces more job losses

Lloyds Banking Group announces more job losses

Banking giant Lloyds has announced it will axe a further 360 jobs and transfer 140 members of staff to another company. The banking giant, which is 43% owned by the taxpayer, has now axed more than 27,000 jobs since its merger with HBOS at the height of the financial crisis, some of which were due [...]

May 26, 2011 | 0 Comments More
Lloyds Banking Group to axe a further 570 jobs

Lloyds Banking Group to axe a further 570 jobs

Banking giant Lloyds has today announced it will axe a further 570 jobs and outsource more than 560 positions. The banking giant, which is 43% owned by the taxpayer, has now axed almost 27,000 jobs since its merger with HOBS, some of which were due to overlap following the merger. The latest round of job [...]

March 17, 2011 | 0 Comments More
Talk Talk to axe 13% of workforce

Talk Talk to axe 13% of workforce

Telecoms company Talk Talk has today announced plans to axe 580 administration jobs as part of a major restructure. The job losses, which represent 13% of its UK workforce of 4,500, are due to overlap within the company after acquiring three separate businesses via acquisitions, which includes Tiscali last year. “This has created a level [...]

January 26, 2011 | 0 Comments More
Lloyds to wield the axe on thousands more jobs

Lloyds to wield the axe on thousands more jobs

Lloyds Banking Group (LBG) has today announced it will reduce headcount by 4,500 in its IT division - a move which has angered unions. The banking giant, which is 43% owned by the taxpayer, has now axed 20,000 jobs since the start of 2009, some of which were due to overlap following the bank’s takeover [...]

October 13, 2010 | 0 Comments More
Orange and T-Mobile merger brings reduction in workforce

Orange and T-Mobile merger brings reduction in workforce

Everything Everywhere, the company that runs Orange and T-Mobile in the UK has announced it will reduce its workforce by 7.5%. The merged mobile phone giant said the majority of the cuts would be made among back office, headquarters and management. The combined company, which has a 37% share of the UK mobile market, has [...]

September 30, 2010 | 0 Comments More
Nationwide reports 46% slump in profits

Nationwide reports 46% slump in profits

Nationwide Building Society has today announced a fall in annual profits. The UK’s largest building society said underlying pre-tax profits fell to £212 million for the year to 4 April, compared with £393 million in the same period a year earlier. The company said it expects the “lower levels of profitability” experienced in the last [...]

May 26, 2010 | 0 Comments More
Lloyds axes a further 400 positions

Lloyds axes a further 400 positions

The Unite union has said Lloyds Banking Group is to axe 400 jobs as it closes its network of Black Horse home loans centres. Since its merger with HBOS in September 2008, Lloyds has axed tens of thousands of jobs due to overlap within the banking giant. In a further blow to staff, Unite said [...]

January 21, 2010 | 0 Comments More
Lloyds axes a further 5,000 positions

Lloyds axes a further 5,000 positions

Lloyds Banking Group, which is 43% owned by the taxpayer, has today announced it will axe 5,000 jobs by the end of 2010, bringing its total number of job losses this year to 12,500. Since its merger with HBOS last autumn, Lloyds has axed thousands of jobs due to overlap within the megabank. However, a [...]

November 10, 2009 | 0 Comments More
Lloyds brings job losses total to 7,500 this year

Lloyds brings job losses total to 7,500 this year

Banking giant Lloyds Banking Group has today announced it is shedding a further 200 jobs, bringing its total to 7,500 this year. The bank, which is 43% state-owned, said the latest job losses will affect the bank’s general insurance arm in Newport, South Wales and West Yorkshire. The latest round of job cuts will take [...]

August 25, 2009 | 0 Comments More