EMCC European Monitoring Centre on Change

lloyds banking group

lloyds banking group

Geographic Location

Country: United Kingdom


Sector: Financial services
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding

Employment Effects

Announcement Date: 03-02-2016
Type of Restructuring: Business expansion
Planned Job Creation: 170

Additional Information

Lloyds Banking group has provided further details of its large restructure, which includes the creation of 170 new jobs. In 2015 it announced plans to cut 9,000 jobs across branches in the UK.  The latest announcement contains details of branch closures and job cuts which form part of the 9,000 figure, but also includes new details of jobs which will be added. The company will create the new jobs in retail and commercial banking and in its legal team.  It is not known when these new jobs will be filled.