Another day, another round of redundancies in Lloyds Banking Group!
142 staff in Risk, 36 in Business and Commercial Banking, 135 in Consumer Growth and more in Transport are at risk of being made redundant over the next few months.
In respect of mortgages, falling demand has led Lloyds to get rid of some products and halted all recruitment for 2025. The number of MaPAs and MaPMs will be reduced by 120 and 12 respectively across all three brands.
Those in scope will have already been notified and will go through a desktop selection process. Staff will be notified of the outcome of that selection process on 1st April.
It’s going to be a worrying time and members who want to discuss their options, including severance, should contact the Union’s Advice Team on 01234 262868 (choose Option 1).
MEMBERS SHOULD PASS THIS NEWSLETTER ONTO TO THEIR COLLEAGUES SO THAT THEY TOO CAN BENEFIT FROM THE ONLY INDEPENDENT TRADE UNION IN LLOYDS.