Lloyds Banking Group is continuing its strategy to cut and outsource UK roles.
The bank is going to cut 570 jobs and outsource another 450.
See this report in The Guardian.
In the summer of 2009 union Unite accused Lloyds of having a strategy of death by a thousand cuts.
Since Lloyds TSB took over HBOS in a government brokered deal in 2008 it has cut about 27000 jobs.
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Worrying for UK staff if work is going overseas, however most industry/food production/clothing/automotive manufacture is sourced overseas - so the banking industry is just following the trend started by others?
@dave:
When all those boring old manufacturing jobs disappeared a few years back, we were all told not to worry because the service sector - including IT - would generate lots of shiny new skilled jobs to replace them. But with massive offshoring of IT jobs and equally massive onshoring of foreign IT workers to replace UK-based IT staff, it's hard to see what the next generation is going to do for a living...