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LLOY Lloyds Banking Group Plc

52.30
1.10 (2.15%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group Plc LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.10 2.15% 52.30 52.22 52.26 52.60 51.08 51.12 196,517,484 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 6.08 33.21B

Lloyds Banking Group to Reorganize Divisions, Create Net 55 Jobs -Union

05/09/2018 4:37pm

Dow Jones News


Lloyds Banking (LSE:LLOY)
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By Adam Clark

 

Lloyds Banking Group PLC (LLOY.LN) is set to reorganize a number of its business divisions, in changes that will lead to a net increase of 55 new roles, according to trade union Accord.

The trade union said Lloyds intends to cut 380 jobs but create 435 new roles, in a reorganization affecting its commercial-banking, people-and-productivity, retail, and transformation divisions.

Accord is a specialist union for financial-services employees.

"Whilst on the face of it the plans look positive, not all existing colleagues will have the transferable skills for the newly created roles and will mean some will face redundancy," Accord said.

Lloyds wasn't immediately available to comment when contacted by Dow Jones Newswires.

 

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

 

(END) Dow Jones Newswires

September 05, 2018 11:22 ET (15:22 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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