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Lloyds 'must stop' bi-monthly redundancies

LLOYDS Bank needs to stop “salami slicing” jobs every two months, the Unite union said yesterday after the banking group announced a 500 new redundancies.

The job losses bring the total redundancies at Lloyds to around 30,000 since the banking crisis unfolded in 2008.

“We have major concerns that Lloyds seems comfortable in announcing continuous salami slicing job losses on a bi-monthly basis, which exacerbates our members’ fears and worries about their future,” said banking union Unite national finance officer Rob MacGregor

“Unite questions whether Lloyds is living up to its own job security agreements as it would appear that an extraordinary number of colleagues are working overtime to make ends meet which, at a time of job losses, should not be happening.”

The job losses will affect about 100 customer service managers and more than 360 roles in the finance business sector. Other job losses will be in the retail and group risk areas.

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