Location of affected unit(s):
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Lloyds TSB Group
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Lloyds TSB Bank has announced further job cuts in their general insurance offices at Bournemouth and Newport in South Wales. These will be outsourced to India to join a growing Lloyds TSB workforce there that is estimated to grow to 1,500 employees by the end of 2004.