EMCC European Monitoring Centre on Change

Lloyds Banking Group

Company/Organisation:
Lloyds Banking Group

Geographic Location

Country: United Kingdom
Region: Edinburgh, City of; Eastern Scotland; Scotland
Location of affected unit(s): Edinburgh

Company

Sector: Information / communication
IT and other information services
63.11 - Data processing, hosting and related activities

Employment Effects

Announcement Date: 20-05-2019
Type of Restructuring: Business expansion
Foreseen End Date: 01-11-2020
Planned Job Creation: 500

Additional Information

Lloyds Banking Group has announced that it will create 500 new jobs at its new digital tech hub in Edinburgh. The roles are high skilled, and the company has already begun the recruitment process for software engineers and data scientists, though it is being reported that the jobs will be filled over an eighteen month period. The move comes as more banking continues to be done online, and high street banks continue to close. The centre will service the groups' Halifax, Lloyds, Bank of Scotland and Scottish Widows customers. 

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